55 Years Later: Why Douglas Merged With McDonnell

Cobb shaky in last pre-Deadline showcase

Elks QB Ford scrambles to connect with Cobb for wild TD vs. Argonauts

Cobb-Douglas Production Function | Formula, Equation & Example

VIDEO solution: Consider the Cobb-Douglas production function: Y = A * K^b * L^(1-b), where Y is output; K is capital; and L is labor hours worked. A is total factor productivity, and b is 0.5. Analyze how the marginal product of labor (MPL) changes when: a) L increases by 10% b) b falls from 0.5 to 0.3.

Match each Cobb-Douglas production function (a)-(c) with a graph in Figure 12.71 and a statement (D)-(G). A. F(L, K)=L^025 K^0.25 B. F(L, K)=L^as K^05 C. F(L, K)=L^075 K^275 D. Tripling each input triples output. E. Quadrupling each input doubles output. G. Doubling each input almost triples output. (FIGURE CANNOT COPY) | Numerade

Suppose now that the two agents have different wealths, but identical Cobb-Douglas utility functions, ui(G, xi)=G^α xi^1-α, How big does the wealth difference between agent 1 and 2 have to be for agent 2 to contribute zero in equilibrium? | Numerade

Suppose that the production function is Cobb-Douglas. (a) Find expressions for k^*, y^*, and c^* as functions of the parameters of the model, s, n, δ, g, and α(b) What is the golden-rule value of k ? (c) What saving rate is needed to yield the golden-rule capital stock? | Numerade

Lincoln-Douglas Debates History & Significance