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    Production Function: Mastering the Art of Economic Growth, a Deep Dive into Production Functions
    Production Function: Mastering the Art of Economic Growth, a Deep Dive into Production Functions
    Production Function: Mastering the Art of Economic Growth, a Deep Dive into Production Functions
    Ebook255 pages2 hours

    Production Function: Mastering the Art of Economic Growth, a Deep Dive into Production Functions

    By Fouad Sabry

    ()

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    About this ebook

    What is Production Function


    The production function is a concept in economics that describes the technological relationship that exists between the quantities of physical inputs and the quantities of things that are produced. When it comes to standard neoclassical ideas, the production function is one of the most important notions. It is utilized to define marginal product and to differentiate allocative efficiency, which is a very important aspect of economics. As an engineer or a professional manager might understand it, one of the most important purposes of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors. This is accomplished while abstracting away from the technological problems that arise in the process of achieving technical efficiency.


    How you will benefit


    (I) Insights, and validations about the following topics:


    Chapter 1: Production function


    Chapter 2: Physical capital


    Chapter 3: Growth accounting


    Chapter 4: Marginal cost


    Chapter 5: Cobb-Douglas production function


    Chapter 6: Marginal product


    Chapter 7: Diminishing returns


    Chapter 8: Output (economics)


    Chapter 9: Returns to scale


    Chapter 10: Cost curve


    Chapter 11: Solow-Swan model


    Chapter 12: Total cost


    Chapter 13: Constant elasticity of substitution


    Chapter 14: Supply (economics)


    Chapter 15: Production (economics)


    Chapter 16: Marginal product of capital


    Chapter 17: Productivity


    Chapter 18: Marginal product of labor


    Chapter 19: AK model


    Chapter 20: Technological theory of social production


    Chapter 21: Cambridge capital controversy


    (II) Answering the public top questions about production function.


    (III) Real world examples for the usage of production function in many fields.


    Who this book is for


    Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Production Function.

    LanguageEnglish
    PublisherOne Billion Knowledgeable
    Release dateFeb 4, 2024
    Production Function: Mastering the Art of Economic Growth, a Deep Dive into Production Functions

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