A paper by Anwar Sheikh critiques this relationship by showing how it could model a "humbug economy."
A paper by Anwar Sheikh critiques this relationship by showing how it could model a "humbug economy." Joan Robinson's analysis of this relationship with regard to the theory of capital gave rise to the aggregation and reswitching problems, which were the basis of the Cambridge Capital Controversy. The terms Hicks-neutral, Harrod-neutral, or Solow-neutral describe ways in which the choice of technique can be incorporated into these relationships. An isoquant family map can be implemented to find cost-minimizing optimizations for these kinds of relationships. Isoquants can also reveal whether these functions model increasing or decreasing returns to scale. Examples of them include the Leontief one and the Cobb-Douglas one. FTP, name these functions which relate capital and labor to output.
A paper by Anwar Sheikh critiques this relationship by showing how it could model a "humbug economy."
{production} functions (accept {Cobb-Douglas production} functions until " relationships ")