Description Usage Arguments Details Value Author(s) Examples

View source: R/Cobb_and_Douglas.R

This function allows you to compute a Cobb-Douglas production/ utility function with n inputs/goods.

1 |

`I` |
is a vector of inputs |

`Elas` |
is a vector of elasticities, must be the same length as I. Defaults to equal elasticities to all inputs, with sum of elasticities equal to 1. |

`K` |
is the constant of the model. Defaults to 1. |

cobb_douglas_2 computes what - mathematically - is a particular case of this function, but computationally there are differentes. Here, the user must input two vectors, one for elasticies and one for quantities, whereas in cobb_douglas_2, the user specifies only quantities and elasticities are taken as parameters.

A list with output, function's degree of homogeneity.

Pedro Cavalcante Oliveira, Department of Economics, Fluminense Federal University

1 2 3 | ```
I <- c(3, 4, 5)
cobb_douglas(I)
``` |

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