https://gdpark.blog/tags/cobb-douglas/Recent content in Cobb-Douglas on gdpark.blogHugoenWed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-12-the-cobb-douglas-production-function/Fri, 15 Jan 2016 00:00:00 +0000https://gdpark.blog/posts/macroeconomics-12-the-cobb-douglas-production-function/We finally pin down that vague f(K/N) with the Cobb-Douglas production function and crank through the math to get a concrete steady-state output formula.https://gdpark.blog/posts/microeconomics-27-types-of-isoquants-linear-l-shaped-and-cobb-douglas/Mon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-27-types-of-isoquants-linear-l-shaped-and-cobb-douglas/A chill rundown of linear, L-shaped, and Cobb-Douglas isoquants — and why their shapes directly tell you everything about σ, the elasticity of substitution.https://gdpark.blog/posts/microeconomics-28-returns-to-scale/Mon, 18 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-28-returns-to-scale/We dig into the 3D production function to figure out why doubling a factory isn’t the same as building a new one — and how increasing, decreasing, and constant returns to scale all shake out.https://gdpark.blog/posts/microeconomics-33-labor-demand-curve/Wed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-33-labor-demand-curve/We derive the labor demand curve by tracing how a firm’s optimal labor choice shifts each time the wage ticks up — first with graphs, then with a Cobb-Douglas proof.https://gdpark.blog/posts/microeconomics-37-long-run-cost-minimization-with-cobb-douglas/Wed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-37-long-run-cost-minimization-with-cobb-douglas/We pin down TC, MC, and AC for a Cobb-Douglas production function and find they all collapse to the same constant α — constant returns to scale is why.