Open AccessPRODUCTION FUNCTION OF KOBB-DOUGLAS
Author(s) -
Анна Конозова,
Анна Конозова,
Елизавета Синдицкая,
Elizaveta Sinditskaya,
Медея Шатиришвили,
Medeya Shatirishvili
Publication year - 2018
Publication title -
mathematics in economics
Language(s) - English
Resource type - Conference proceedings
DOI - 10.26526/conferencearticle_5c24b1d52834f1.93470319
Subject(s) - function (biology) , production (economics) , computer science , simplicity , task (project management) , mathematical optimization , mathematics , engineering , economics , systems engineering , macroeconomics , epistemology , evolutionary biology , biology , philosophy
In this article production function of Kobb-Douglas is considered. The history of this mathematico-economic indicator is given and need of its practical application is proved. The analysis of basic provisions concerning function is given, its components are characterized. The task proving simplicity and usefulness of application of function is solved.