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Production Functions and Cost Schedules

Production Functions and Cost Schedules

Production functions, such as the Cobb-Douglas and CES, underly cost schedules used to model firms in micro-economics. The models illustrate this link and show the relation between long and short run cost schedules. Uses calculus (Langrangians) and online diagrams.
Keywords:
stem education, workforce development, technician training, advanced technological education
Disciplines:
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More about this material

Material Type:
Reference Material
Date Added to MERLOT:
July 18, 2016
Date Modified in MERLOT:
July 18, 2016
Author:
Unknown (Know the author?)
Submitter:
Barbra Bied Sperling
Hispanic Serving Institution
Primary Audience:
College General Ed, College Lower Division, College Upper Division, Graduate School, Professional
Technical Format:
Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
No
Source Code Available:
No
Creative Commons:
No

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