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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 iK α KP K = β LP L
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iK α KP K –β LP L = 0
fJ; soQK cbB dk ft;sko gE o/yh ;wo{g j? ns/ w{b fpzd{ s'A r[iodh j?.

7H3H2 e'p^v'rb; T[sgkdB cbB dk nkofEe wjZst
(Economic Significance of Cobb-Douglas Production Function)
e'p^v'rb; T[sgkdB cbB dk nkofEe y/so ftZu wjZstg{oD ;EkB j?. toswkB ftZu eJh
noEPk;soh e'p v'rb; T[sgkdB cbB dk ftfGzB nkofEe y/soK ftZu gq:'r eoB bZr rJ/
jB. fJ; cbB dk gq:'r fdB^gqshfdB ftP/P eoe/ ftfGzB T[d:'rK ns/ y/sh y/soK ftZu tXD
bZr frnk j?. fJj fJjBK y/soK d/ bJh wjZstg{oD ;{uBktK gqdkB eodh j?. fJj ftfGzB
BhshnK d/ fBowkD eoB ftZu th ezw nkT[Adh j?.
fJ; cbB dh ;jkfJsk Bkb n;hA fwjBs g{zih dh ;hwKs T[sgkdesk (Marginal Productivity)
eZY ;ed/ jK ns/ fJ; soQK wId{oh fBoXkoD d/ f;XKs ftZu ;jkfjsk fdzdh j?. (T[sgkdB cbB
T[sgkdB seBheh dk toDB eodk j?.) fJ; cbB d[nkok fJj th gsk ehsk ik ;edk j? fe
fe;h ;kXB B{z fdZsk ikD tkbk g[o;eko T[;dh ;hwKs T[sgkdesk d/ pokpo j? iK BjhA. fJ;h
soQK fJj cbB y/sh ftZu nkofEe b'u dk fBoXkoD eoB ftZu th wdd eodk j?. fJ;
T[sgkdB cbB d/ ns/ g?okwhNo; b'u r[DKe (Elasticity Coefficients) B{z gqdof:s eod/ jB.
fJj b'u r[DKe nzso^okPNoh iK nzdo{Bh y/soK d/ ftukb/ s[bBk eoB ftZu ;fj:'r eo ;ed/
jB.
fJj toDB ehsk ik u[Zek j? id'A cbB o/yh ns/ ;wo{g j[zdk j? ns/ α O β & 1 j[zdk j? sK
cbB ;fEo cbB d/ nzsors ekoiPhb j't/rk. id'A α O β > 1 ns/ α O β < 1 j[zdk j?. sK
cbB eqw nB[;ko tX/ j'J/ ns/ xNd/ j'J/ g?wkB/ d/ gqfscb d/ nzsors ekoiPhb j't/rk. fJ;
soQK fJj cbB g?wkB d/ ftfGzB gqfscbBK d/ fB:wK dk nfXnB eoB ftZu ;fj:'r fdzdk j?.
fJ;d/ fJbktk fJj cbB T[sgZsh d/ ;kXBK dh gqfs;Ekfgsk (Substitutability) d/ bJh io{oh
;{uBktK gqdkB eodk j?.
;zy/g ftZu, fJj cbB nkofEe y/so ftZu ftP/P eoe/ y/sh ns/ T[d:'rK ftZu wjZstg{oD
G{fwek fBGkT[Adk j?. fJj fwjBs BhshnK, fJ; soQK y/so s[bBk, ;kXBK dh gqfs;Ekfgsk ns/
;wo{gsk e'fN (Degree of Homogeneity) dk fBoXkoD eoB ftZu gq:'r ehsk iKdk j?.

7H3H3 e'p^v'rb; T[sgkdB cbB dhnK ;hwktK
(Limitations of Cobb-Douglas Production Functions)
Gkt/A fe e'p^v'rb; T[sgkdB cbB dk nkofEe y/so ftZu ft;Ekog{oD gq:'r ehsk iKdk j?
ns/ fJ;dk gq:'r ftP/P eoe/ y/sh ns/ fBowkDekoh T[d:'rK ftZu tZXdk ofjzdk j?, gozs{ ftfGzB
noEPk;sohnK d/ d[nkok fJ; cbB dhnK nkb'uBktK ehshnK iKdhnK jB. fJ; cbB d/ w[Zy
nkb'ue gq'He/Hi/H no'H (K.J. Arrow), n?uHphH u/Boh (H.B. Chenery), phH n?;H fwBjk;
(B.S. Minhas), ns/ nkoHn?wH ;/b' (R.M. Salow) oj/ jB. fJ;dh fBwB nkb'uBktK
ehshnK iKdhnK jB^

1H fJ; cbB dk w[Zy d'P fJj j? fe fJj e/tb T[sgZsh d/ d' ;kXB (fwjBs ns/ g{zih) B{z b? e/
uZbdh j? id'A fe n;bhns fJj j? fe T[sgkdB ftXhnK ftZu j'o ;kXBK dk th ;wkB wjZst
j[zdk j?. d{i/ PpdK ftZu, fJj cbB eJh ;kXBK (d' ;kXBK s'A tZX) d/ bJh bkr{ BjhA j[zdk j?.
fJ;d/ fJbktk fJ;dk gq:'r e/tb fBowkDekoh T[d:'rK ftZu jh ehsk ik ;edk j?. fJ; soQK
fJ; cbB d[nkok gq:'r dk y/so ;ze[fus j' iKdk j?.
2H fJj T[sgkdB cbB e/tb g?wkB d/ ;fEo gqfscb d/ nzsors ekoiPhb j[zdk j?. g?wkB/ d/
tXd/ ns// xNd/ j'J/ gqfscb d/ fB:w th T[sgkdB gqfefonktK ftZu fefonkPhb ofjzd/ jB.
gozs{ fJj cbB fJjBK fB:wK ftZu ekoi BjhA eodk j?.

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