For the production functions in the previous question calculate the marginal product of x 1 (or MP K for part b) and the technical rate of substitution. Graph one or two isoquants for each production ...

In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...

This study involves the estimation of production functions of the Cobb-Douglas type in application to Indian industry. The few studies which have appeared so far on this particular aspect of Indian ...