We introduce a new type of production function, called approximate Cobb-Douglas function, by a perturbation of Euler's partial differential equation characterizing homogeneous function. We show that ...

This is a preview. Log in through your library . Abstract Factor demand and output supply functions formulated within the framework of the Cobb-Douglas profit function have been widely used for the ...

ABSTRACT: Recently, businessmen as well as industrialists are very much concerned about the theory of firm in order to make correct decisions regarding what items, how much and how to produce them.

Abstract: Global environmental and social issues have led to a fundamental reevaluation of the activities of the global community, particularly in the field of economic and business activities. In ...

ABSTRACT: Some results in growth theory based on the Cobb-Douglas production function model are generalized when the production function is chosen to be the Constant Elasticity of Substitution (CES) ...