Question
a) Derive the Input distance function for the production function y = x 0.8 b)Derive the Output distance function for the production function y =
a) Derive the Input distance function for the production function y = x0.8
b)Derive the Output distance function for the production function y = min {3x1, 0.5x2}
c) Derive the Output distance function for the production function y = 16x - 2x2
d) Derive the Output directional distance function for the production function y = 16x - 2x2
Thank you,
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
