A form of nonhomogeneous production function is utilized to compute marginal productivities, various elasticities, optimum input ratios, and the like, for different levels of inputs and outputs. Such ...

The labor share has been declining in the United States, and especially so in manufacturing. This paper investigates the role of capital accumulation and market power in explaining this decline. I ...

After exploring what it means to posit the existence of the education production function, the article critically reviews past estimation efforts and gives examples of how the production function can ...

The production function for flowers is given by: y = 1000z 11/4 z 21/4 a). Suppose initially that Blooming Blossoms only has only 16 ounces of Precious Petunia seeds. Calculate Blooming Blossoms' ...