Producer's Problem

The following is an intereactive example of a producer's problem with Cobb-Douglass production and exogenous capital.

Exogenous Parameters:
\(K\):  
\(z\):  
\(w\):  
\(\alpha\):  

Endogenous Parameters:
\(N_d\): test
\(Y\): test
\(\pi\): test





In this example,capital stock is given exogenously, and output is determined by the production function: \[Y = zF(K,N_d)=zK^\alpha N_d^{1-\alpha}\]