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Generalized Cobb-Douglas function for three inputs and linear elasticity

Author

Listed:
  • Catalin Angelo IOAN

    (Danubius University of Galati, Department of Economics)

  • Gina IOAN

    (Danubius University of Galati, Department of Economics)

Abstract

The article deals with a production function of three factors with constant scale return where each elasticity of two 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 three inputs and linear elasticity," The Journal of Accounting and Management, Danubius University of Galati, issue 2, pages 17-22, August.
    • Handle: RePEc:dug:jaccma:y:2014:i:2:p:17-22
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    File URL: http://journals.univ-danubius.ro/index.php/jam/article/view/2440/2311
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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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    More about this item

    Keywords

    production function; Cobb-Douglas;

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