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VED1
E L-LOVELY-H math7-1 IInd 21-10-11 IIIrd 24-1-12 IVth 21-4-12 Vth 20-8-12 VIth 10-9-12

noEPk;soh dk rfDs

B'N

eh s[;hA ikDd/ j' e'p^v'rb; T[sgkdB cbB B{z ;XkoD o{g ftZu j/m nB[;ko do;kfJnk
iKdk j?^

β
α
P = AL K u

fiZE/ P = T[sgkdB, L = fwjBs ;kXB, K = g{zih ;kXB, u = so[ZNh
(Disturbance Terms) ns/ A fJZe ;fEo okPh j?.

α ns/ β XBkswe wkgdzv (Parameters) j?. fJ; d/ Bkb α > 0, β > 0, L > 0 ns/ α + β = 1
j[zdk j?. e[ZM noEPk;soh fJ; T[sgkdB cbB B{z u d/ fpBK th do;kT[Ad/ jB.
α
β
P = AL K (α > 0, β > 0)
i/eo α O β = 1
e'p^v'rb; T[sgkdB cbB ftZu d' T[sgZsh d/ ;kXB j[zd/ jB Gkt
P = f (L, K)
i/eo d'jK gk;/ fe;h ;fEo λ (Lemda) Bkb r[DK eo fdZsk ikt/ sK
λP = f (λL, λK)
β
α
sK, f (λL, λK) = A (λL) (λK) u
β
α
= λ α+β AL K u
α
β
= λα + βP (feT[Afe & P = AL K u )
i/eo α + β & 1, T[d'A T[sgkdB g?wkB d/ ;fEo gqfscb d/ nzsors j'J/rk.
i/eo α + β > 1, g?wkB/ dk tZXdk j'fJnk gqafscb ekoiPhb j't/rk.
ns/ α + β < 1, g?wkB/ dk xNdk j'fJnk gqfscb ekoiPhb j't/rk.

7H3H1 e'p^v'rb; T[sgkdB cbB dhnK ftP/PsktK (Characteristics of Cobb Douglas
Production Function)
1H i/eo T[sgZsh d/ ;kXBK ftZu fe;h ;fEo okPh λ Bkb tkXk ehsk iKdk j? sK T[sgkdB th λ
β
r[Dk tZX ikJ/rk. e'p^v'rb; T[sgkdB cbB P = L α K u j? sK i/eo fwjBs L ns/ g{zih (K)
λ s'A r[Dk tXk fdZs/ ikD sK

(i/eo α + β & 1)

o/ykfuZso 7H2

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