calculators
Slide 2
Image is not available

We Create Awesome Calculators

We focus on providing fast, comprehensive, convenient collection of hundreds of Free online Calculators

We focus on providing fast, comprehensive, convenient collection of hundreds of Free online Calculators

Image is not available
Utouch App

What Are You Looking For?

Cobb-Douglas Production Function Calculator



Cobb-Douglas Production Function Calculator helps calculating the quantity of products, the marginal product of Labor and the marginal product of capital, given Cobb-Douglas Production Function



What is Cobb-Douglas Production Function?

In economics, a production function represents the relationship between the output and the combination of factors, or inputs, used to obtain it.

The Cobb-Douglas production function is a particular form of the production function. It is widely used because it has many attractive characteristics.



The Formula of Cobb-Douglas production function

The basic form of the Cobb-Douglas production function is as follows:

Q(L,K) = A Lβ Kα

Where:

Q is the quantity of products.

A is a positive constant (Called Total Factor Productivity).

L is the quantity of labor.

K is the quantity of capital.

α is the output elasticity of capital.

β is the output elasticity of labor.

α and β are constants between 0 and 1.



Cobb-Douglas Production Function





Units

Units









Watch the Video

What is the ICalc website for?

Life is full of computational problems. Most of them can be solved simply. The ICalc calculator site includes hundreds of calculators that will help you solve a wide range of problems in many areas, such as health, economics, math, finance, and more.
Press enter to search
Press enter to search