1Passage One The term profit in economics has a very precise meaning. Economists, however, often loosely refer to "good deals" or profitable ventures with no risk as profit opportunities. The general view of economics is that profit opportunities are rare. At any one time there are many peopl...
Nonetheless, the FF is not a profit function, and there has not established such a function, along with its dual cost and production functions, in virtually all the forest economics texts. Without such a set of functions, however, a large part of the production economics that is broadly ...
The Profit Function McFadden, Daniel L. (1978) "Cost, Revenue, and Profit Functions," in D. L. McFadden and Melvin Fuss (ed.), Production Economics, North-Holland: Amsterdam.McFadden, Daniel L. 1978. "Cost, Revenue, and Profit Functions." In ... R Färe,D Primont - Springer Nether...
摘要: This article provides an analytical framework to measure and decompose total factor productivity growth into technical change and economies of scale, using a profit function approach. Both single and multiple output cases are considered.
Hyesung Seok, in International Journal of Production Economics, 2017 3.1.1 Profit function (8)∑t=1TVeit=∑t=1Tpixit+Sit++CcSit−−Sit+−LcLit−HcHit−PcPit An enterprise profit function is shown in Eq. (8). The Veit represents the difference between the sum of profits for the ...
Profit-maximization implies earning highest possible amount of profits during a given period of time.A firm has to generate largest amount of profits by building optimum productive capacity both in the short run and long run depending upon various internal and external factors and forces. There shou...
mostly greater than one in both countries. An elastic demand suggests subsidy is likely to be successful in promoting vaccination. The consumer surplus is sizeable, around 58 billion US$ in China and 646 million US$ in the UAE. The figures can inform policymakers in assessing their vaccine ...
Examines the determinants of profits and profitability of Public Sector Banks in India. Estimation of profit function model showing determinants of profits and profitability; Effects of average establishment cost on the net profit; Difference between cash reserve ratio and statutory liquidity ratio.被...
A Note on the Use of the Cobb-Douglas Profit Function Factor demand and output supply functions formulated within the framework of the Cobb-Douglas profit function have been widely used for the study of techno... R Chand,JL Kaul - 《American Journal of Agricultural Economics》 被引量: 32发表...
in which capital-output ratios are a negative function of the general rate of interest (profit). In the modern reconstruction of the classical approach, arising out of the seminal work of Piero Sraffa (1898–1983;1960), it can also be shown that – given the level ofreal wagesor the gene...