{ "cells": [ { "cell_type": "code", "execution_count": 2, "metadata": { "tags": [ "remove_cell" ] }, "outputs": [], "source": [ "from textbook_utils import *" ] }, { "cell_type": "markdown", "metadata": {}, "source": [ "# Analyzing Shifts in $A$ and $\\alpha$" ] }, { "cell_type": "markdown", "metadata": {}, "source": [ "## Shifts in $A$ and their Effect on Output\n", "\n", "First, let us plot a 3D surface of the Cobb-Douglas production function. Output, $Y$, will go on the vertical (or $z$) axis. Capital and labor will go on the $y$ and $x$ axes, resp. The plot below plots the Cobb-Douglas function with $A=2$, also showing $A=1$ for reference." ] }, { "cell_type": "code", "execution_count": 3, "metadata": { "tags": [ "remove_input" ] }, "outputs": [ { "data": { "text/html": [ "\n", "\n", "\n", "
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