I. Production and Cost: One Variable Input 1. True/ False 1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be ...

This is a preview. Log in through your library . Abstract Many growth models assume that aggregate output is generated by a Cobb-Douglas production function. In this article we question the empirical ...

Abstract: The knowledge production function is central to research and development–based growth models. This paper empirically investigates the knowledge production function and intertemporal ...