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Optimization of Cobb-Douglas Function

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Uploaded on Jul 11, 2009

http://demonstrations.wolfram.com/Opt...

The Wolfram Demonstrations Project contains thousands of free interactive visualizations, with new entries added daily.

Using Lagrange multipliers, this Demonstration allows you to manipulate all aspects of both the Cobb-Douglas and isocost functions while viewing how this affects the allocation of labor and capital for optimal production. To show how the isoquant curve ...

Contributed by: Amir Ahmadi and Tom Creahan

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