Discussions on n Substitutable Goods Production and Consumption
Discussions on n Substitutable Goods Production and Consumption
Author(s): Cătălin Angelo Ioan, Gina IoanSubject(s): Economy
Published by: Editura Universitară Danubius
Keywords: production; consumption; Cobb-Douglas
Summary/Abstract: The analysis takes into account the issue of production of n consumer goods whose destination is either the mass of workers who have contributed to them or third parties such as social categories, the directly unproductive or abroad. In the analysis, we considered, for simplicity, utility and production functions of Cobb-Douglas type that allowed finally getting interesting conclusions on the relationship between the appropriate elasticities.
Journal: Acta Universitatis Danubius. Œconomica
- Issue Year: 8/2012
- Issue No: 4
- Page Range: 168-176
- Page Count: 9
- Language: English
