Same equation, different framing: What you're saying is that programmers are producing according to a Cobb-Douglas Production function with output elasticities

Same equation, different framing: What you're saying is that programmers are producing according to a Cobb-Douglas Production function with output elasticities of 1. Only caveat: in this setup, the production function has increasing returns to scale, i.e. doubling all the inputs (simulants, power of the machine, ...) more than doubles the output. [1] https://en.wikipedia.org/wiki/Cobb%E2%80%93Douglas_production_function https://en.wikipedia.org/wiki/Cobb%E2%80%93Douglas_productio... [2] https://jigjids.files.wordpress.com/2011/02/cobb-dauglas-tanproj.pdf https://jigjids.files.wordpress.com/2011/02/cobb-dauglas-tan...