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Graph one or two isoquants for each production function (To check that you have the right answer remember: what is the relationship between the technical rate of substitution and the slope of the ...
The shape of this production function is governed by the distribution of ideas. If that distribution is Pareto, then two results obtain: the global production function is Cobb-Douglas, and technical ...
Approximate surrogate production functions then seem possible. A family of economic systems with constant capital composition allows construction of a surrogate production function.
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