![SOLVED:(a) Show that, by taking logarithms, the general Cobb-Douglas function P = bL^αK^1 - α can be expressed as lnPK = lnb + αlnLK (b) If we let x = ln(L/K) and SOLVED:(a) Show that, by taking logarithms, the general Cobb-Douglas function P = bL^αK^1 - α can be expressed as lnPK = lnb + αlnLK (b) If we let x = ln(L/K) and](https://cdn.numerade.com/previews/0603c05a-5df1-4d22-9a03-16e24d825e48_large.jpg)
SOLVED:(a) Show that, by taking logarithms, the general Cobb-Douglas function P = bL^αK^1 - α can be expressed as lnPK = lnb + αlnLK (b) If we let x = ln(L/K) and
![Maximize a Cobb Douglas Production Function Using Lagrange Multipliers | Math Help from Arithmetic through Calculus and beyond Maximize a Cobb Douglas Production Function Using Lagrange Multipliers | Math Help from Arithmetic through Calculus and beyond](http://img.youtube.com/vi/uD54vPUYmNE/0.jpg)
Maximize a Cobb Douglas Production Function Using Lagrange Multipliers | Math Help from Arithmetic through Calculus and beyond
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