The Cobb-Douglas production function for a bicycle company is given by f(x,y) = 23×0.2y0.8, Where x is the utilization of labor and y is the utilization of capital. If the…

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# Category: Economics

## Problem 2054 – The Cobb-Douglas production

learn maths and leave the fear of it

The Cobb-Douglas production function for a bicycle company is given by f(x,y) = 23×0.2y0.8, Where x is the utilization of labor and y is the utilization of capital. If the…

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