Moolio, Pahlaj; Islam, Jamal Nazrul; Mohajan, Haradhan Kumar - In: Indus Journal of Management & Social Science (IJMSS) 3 (2009) 1, pp. 39-51
Considering Cobb-Douglas function in three variables as an explicit form of production function, in this paper an attempt has been made to maximize an output subject to a budget constraint, using Lagrange multipliers technique, as well as necessary and sufficient conditions for optimal value...