How to rewrite an infinite product of a production function.
Hi! Well I've been struggling with this equation (production function):
I need to find Xi in order to subtitute it in the equation (because I have to find the "cost function" of that production function) (pd: I've concluded that the following is the "cost function" i need to minimize):
So I need to know how to deal with the product.
Thanks for your answers.
Re: How to rewrite an infinite product of a production function.
Have you considered the log of f(x) or log(y)?
Minimizing the log of something is equivalent to minimizing that something.