Theory of Cost and Production Functions 来自 De Gruyter 喜欢 0 阅读量: 677 作者: RW Shephard 摘要: A sequel to his frequently citedCost and Production Functions(1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The ...
Production (Economic theory)The central concept in the theory of production and costs is the production function . It relates quantities of inputs into a production process to the output of that process. The goods and services appearing in a production process are called factors of production ; ...
Our original reason for writing this book was the desire to write down in one place a complete summary of the major results in du ality theory pioneered by Ronald W. Shephard in three of his books, Cost and Production Functions (1953), Theory of Cost and Produc tion Functions (197...
Shephard, R.W.: A Dynamic Formulation of Index Functions For the Theory of Cost and Production. To appear in volume containing papers of the 2nd International Symposium at Karlsruhe on the Theory of Economic Index Numbers held at University of Karlsruhe, April–June 1976.Shephard, R.W.: “A...
Theory of Costs 来自 Springer 喜欢 0 阅读量: 46 作者: A Koutsoyiannis 摘要: Cost functions are derived functions. They are derived from the production function, which describes the available efficient methods of production at any one time. DOI: 10.1007/978-1-349-16077-8_4 年份: 1979...
Chapter 10 –Theory of Production and Cost in the Long Ru:在长期的生产和成本10章–理论of,in,长期,生产与成本,and,Cost,the,cost,long,长期成本 文档格式: .ppt 文档大小: 152.5K 文档页数: 28页 顶/踩数: 0/0 收藏人数: 0 评论次数:
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What is the goal of a firm? Profit maximization? Why and why not? 8.2 Production function Production function is a mapping from an input set to an output set. ) ,... , ( ) ( 2 1 n x x x x x f y = = It says how many inputs are required to produce a fixed amount of out...
Theory of the Firm : Production Production Function- Short Run Production is the process of combining inputs to make goods and services. Physical goods: cars, planes, bread, ice cream etc Services: banking and investment services, services provided by lawyers, doctors etc. Production function is...
2, we briefly present some useful properties of homogeneous functions; in Sect. 3, we present the model; Sect. 4 is devoted to the equilibrium analysis; in Sect. 5, we present applications and Sect. 6 concludes. All proofs are in the Appendix....