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We derive a reversible “endogenous technology choice transform,” according to which firm-level production functions and distributions of unit factor productivities are two sides of the same coin. The Cobb–Douglas function relates to Pareto distributions, and the CES to Weibull distributions.
Complete models of an economic system are developed, optimal prices, labor inputs, production volumes, export-import, taxation, and transport inputs are determined from systems of demand-supply balance equations in the labor and produce markets, taking into account the type of production functions and utility functions.
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