Documents Dynamic Model Neoclassical production function –General Form, Output comes from capital, labor,...

Slide 1 Dynamic Model Neoclassical production function –General Form, Output comes from capital, labor, and technology level Notice that A is only measured as residual…

Documents Lectures in Macroeconomics- Charles W. Upton The Cobb-Douglas Production Function Y = AK L (1- )

The Cobb-Douglas Production Function Y = AKL(1-) History Developed by Paul Douglas and C. W. Cobb in the 1930’s History Developed by Paul Douglas and C. W. Cobb in…