Learn Before
The Feasible Frontier Production Function in the Angela-Bruno Model
Production Function for the Cobb-Douglas Example (f(h) = (48h - h^2)/40)
This is a specific production function used to illustrate the determination of the Pareto efficiency curve when utility is of the Cobb-Douglas form. The function is given by , where represents hours of work. It is defined as an increasing and concave function, from which the feasible frontier is derived.
0
1
Tags
Library Science
Economics
Economy
Social Science
Empirical Science
Science
CORE Econ
Related
Mathematically Deriving the Pareto Efficiency Curve for the Angela-Bruno Interaction
Finding Pareto-Efficient Allocations by Maximizing One Agent's Utility
Specific Production Function in the Angela-Bruno Model (g(24-t) = 2β(2(24-t)))
Production Function for the Cobb-Douglas Example (f(h) = (48h - h^2)/40)
MRT as the Marginal Product of Labor
Equivalence of Consumption and Production Frontiers for an Independent Producer
Verification of Feasible Frontier Properties using Differentiation
Production Function of Angela's Friend
Differentiating the Feasible Frontier Using the Chain Rule
Feasible Frontier for a Power Production Function (y = a(24-t)^b)
Learn After
Determining the Pareto Efficiency Curve with a Cobb-Douglas Utility Function