Porteous (2020) proposes another approach to account for nonmarginal changes in fertilizer use in Sub-Saharan African countries: substituting the CES function by a quadratic yield response function (restricted to the upward-sloping region) estimated on experimental data. This choice solves the problem...
This extensive margin response stems from Ricardo’s Law of Rent, which states that the most productive land is used first, so that, all else being equal, marginal expansion into lower-productivity land drives down the mean productivity46. While purpose-grown energy crops may also have extensive...
on the energy generated (qt), and weighed by a non-negative coefficient α that ponders the relation between the cost of VRE sources and dispatchable sources, and which can be related to the market price of electricity (under the assumption of a perfect market) through the marginal cost. ...
is a basic tenet of economics that 1) the industry supply curve is the summation of each firm's individual supply curve and 2) in a competitive market, prices are equal to the marginal cost of the most inefficient firm, i.e., the intersection of the industry's supply and demand curves...
Please submit one copy to this Division and two copies of both the promotional material and the package insert directly to: Food and Drug Administration Division of Drug Marketing, Advertising and Communications, HFD-40 5600 Fishers Lane Rockville, Maryland 20857 Within 10 days after the date of ...
Corporate communication/marketing In marketing communication the company's competitive product (or production) characteristics can be communicated to the customer. Positive product characteristics of ergonomically designed products like functionality, usability, health and comfort, can be communicated to the cus...
Hence, the marginal trade-offs are to be considered only among desirable-outputs to improve the efficiency of undesirable-outputs. The rest of the paper is designed as follows; the next section thoroughly discusses the literature on trade-off methods and its computation with DEA. Section 3 puts...
The FOCs show that a household will only participate in the markets if the marginal revenue of trading factors of production is greater than the marginal cost of using the resources on their farm. Based on the FOCs, farm household trade strategies in response to the land scarcity challenge can...