Description Usage Arguments Value Author(s) Examples

View source: R/Cobb_and_Douglas.R

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

1 | ```
cobb_douglas_2(x, TFP = 1, alpha = 0.5, beta = 1 - alpha)
``` |

`x` |
is a data frame with two columns. |

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

`alpha` |
is the first input's elasticity. Defaults to a random number between 0 and 1, rounded to two digits. |

`beta` |
is the second input's elasticity. Defaults to 1 - alpha. |

Returns a list object with compued y and elasticities.

Pedro Cavalcante Oliveira, Department of Economics, Fluminense Federal University

1 2 3 4 5 6 | ```
x <- c(3, 4, 5)
y <- c(1, 4, 2)
data <- data.frame(x = x, y = y)
cobb_douglas_2(data)
``` |

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