Production Functions and Cost Schedules
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|Elmer G. Wiens; Egwald Web Services Ltd.|
|Production functions, such as the Cobb-Douglas and CES, underly cost schedules used to model firms in micro-economics. The models illustrate this link and show the relation between long and short run cost schedules. Uses calculus (Langrangians) and online diagrams.|
|Math Topics:||Calculus (Multivariable), Statistics, Mathematics of Economics|
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