TWO-FACTOR PRODUCTION FUNCTIONS WITH GIVEN MARGINAL RATE OF SUBSTITUTION-Reference-Cited by-同舟云学术

TWO-FACTOR PRODUCTION FUNCTIONS WITH GIVEN MARGINAL RATE OF SUBSTITUTION

Published:2019-12-11 Issue:10 Volume: Page:169-181
ISSN:2309-6667
Container-title:Экономическая наука сегодня
language:ru
Short-container-title:

Author:

Khatskevich G.¹,Pranevich A.²,Chajkovskij M.³

Affiliation:

1. Belarusian State University

2. Yanka Kupala State University of Grodno

3. Belarusian National Technical University

Abstract

The article is devoted to the study of inverse problems of identifying two-factor production functions from given marginal rate of technical substitution. The analytical forms of twofactor production functions with given linear-fractionalmarginal rate of technical substitution of labor by capital. Classes of two-factor production functions that correspond to given (constant, linear, linear-fractional, exponential, etc.) marginal rate of technical substitution areindicated. The obtained results can be applied in modeling of production processes.

Publisher

Belarusian National Technical University

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