The production functions listed below, and their properties are shown for the case of two factors of production, capital (K), and labor (L), mostly for heuristic purposes. These functions and their properties are easily generalizable to include additional factors of production (like land, natural resources, entrepreneurship, etc. ) A production function can also be seen as the dynamics of national output/national income.
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- The production functions listed below, and their properties are shown for the case of two factors of production, capital (K), and labor (L), mostly for heuristic purposes. These functions and their properties are easily generalizable to include additional factors of production (like land, natural resources, entrepreneurship, etc. ) A production function can also be seen as the dynamics of national output/national income. This list is to collect production functions & the dynamics of national output/income that have been used in literature & textbooks.
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- The production functions listed below, and their properties are shown for the case of two factors of production, capital (K), and labor (L), mostly for heuristic purposes. These functions and their properties are easily generalizable to include additional factors of production (like land, natural resources, entrepreneurship, etc. ) A production function can also be seen as the dynamics of national output/national income.
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- List of production functions
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