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Generalized Cobb-Douglas Function for Two Inputs and Linear Elasticity

Author

Listed:
  • Catalin Angelo Ioan

    (Danubius University of Galati, Faculty of Economic Sciences, Romania)

  • Gina Ioan

    (Danubius University of Galati, Faculty of Economic Sciences, Romania)

Abstract

The article deals with a production function of two factors with constant scale return where the elasticity of one of the factors is a function of first degree. After the examination of parameters conditions according to the axioms of the production functions, there are computed the main indicators. Also, the combination of factors is determined in order to maximize the total output under a given cost.

Suggested Citation

  • Catalin Angelo Ioan & Gina Ioan, 2014. "Generalized Cobb-Douglas Function for Two Inputs and Linear Elasticity," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 6(6), pages 58-66, December.
    • Handle: RePEc:dug:actaec:y:2014:i:6:p:58-66
    as

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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2439/2304
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    References listed on IDEAS

    as
    1. Catalin Angelo Ioan & Gina Ioan, 2011. "The Extreme of a Function Subject to Restraint Conditions," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 3(3), pages 203-207, June.
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    Keywords

    production function; Cobb-Douglas;

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