Start
I
Markets
II
Household Theory
III
Production and Utility Functions
10
Basics: Homogeneous and homothetic functions
10.1
General information on the notation of functions
10.2
Homogeneous functions
10.3
Homogeneous functions of two variables
10.4
Important properties of homogeneous functions: The Euler theorem and the absence of profit for companies with linear economies of scale
10.5
Homothetic functions
11
Substitutionality of production factors
12
CES production function
12.1
Costs
13
Producer surplus and profit
14
Economies of scale
15
Elasticities
15.1
Elasticity of any function
15.2
Elasticities: Characteristics of the graphic illustration of price elasticity
15.3
Elasticities: short and long term
15.4
Elasticities of substitution
15.4.1
CES substitution elasticities
15.4.2
Elasticities of substitution: Cobb-Douglas
15.5
Network Externalities: Band wagon- and snob- effect
IV
Cold Progression
V
Linear Regression for Dummies
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Part III
Production and Utility Functions
10
Basics: Homogeneous and homothetic functions
10.1
General information on the notation of functions
10.2
Homogeneous functions
10.3
Homogeneous functions of two variables
10.4
Important properties of homogeneous functions: The Euler theorem and the absence of profit for companies with linear economies of scale
10.5
Homothetic functions
11
Substitutionality of production factors
12
CES production function
12.1
Costs
13
Producer surplus and profit
14
Economies of scale
15
Elasticities
15.1
Elasticity of any function
15.2
Elasticities: Characteristics of the graphic illustration of price elasticity
15.3
Elasticities: short and long term
15.4
Elasticities of substitution
15.5
Network Externalities: Band wagon- and snob- effect
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(c) by Christian Bauer
Prof. Dr. Christian Bauer
Chair of monetary economics
Trier University
D-54296 Trier
Tel.: +49 (0)651/201-2743
E-mail: Bauer@uni-trier.de
URL:
https://www.cbauer.de
