Cobb-Douglas Production Function Show that the Cobb-Douglas production function
Chapter 13, Problem 80(choose chapter or problem)
Show that the Cobb-Douglas production function
\(z=C x^{a} y^{1-a}\)
can be rewritten as
\(\ln \frac{z}{y}=\ln C+a \ln \frac{x}{y}\)
Text Transcription:
z = Cx^{a}y^{1 - a}
ln z / y = ln C + a ln x / y
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