Your SlideShare is downloading. ×
0
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
July25
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

July25

243

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
243
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  1. Outline for Friday, July 25 Remember Homework due Monday Midterm review Monday 4:30 Rackley 105 Midterm Tuesday Technology Review Thursday Graphs: TP, MP, AP Returns to scale Productivity and technical change
  2. Production Labor, L, and capital, K, combine to produce output, q K cannot be changed in the short run, which ends when K can be changed
  3. Cobb-Douglas Technology K A B q= L K L
  4. Fixed-Proportions Technologies K q = min{ aL , bK } aL = bK L
  5. Perfect-Substitution Technologies K y = aL + bK L

×