A Production Function Example

Here's a Javascript example of a production function, with labor as the input variable. Play around with it a little to get the idea. (You have to have Netscape 2.0 or later or another browser that recognizes Javascript to do this; otherwise, go on to the next page). Type a number into the "land" cell and the output produced will be shown in the "output" cell. If you don't see the change right away, click "Update."

Program Example 1

In this chapter, to keep things simple, we will stick mostly to examples in which labor is the only input variable. As we will see later on, that makes sense as an approximation in the short run. But, for those who like a more mathematical approach, here's a footnote

with an example in which land, labor, and capital are all variable.