The Problem of Efficiency of the Consumption or Production

Catalin Angelo Ioan and Gina Ioan ()
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Gina Ioan: Danubius University of Galati, Romania

Acta Universitatis Danubius. OEconomica, 2012, issue 4(4), 117-125

Abstract: The consumption efficiency or production respectively, is of particular importance in the view of Pareto efficiency. The classical analysis for two goods or two factors of production, is based on the Edgeworth’s box that allows determining the optimal quantity, and price equilibrium. The analysis which will follow, will deal this problem for the case of n goods or inputs, obtaining a general method for determining the optimal quantities, namely the equilibrium price using a series of relatively basic geometric tools.

Keywords: consumption; production function; Edgeworth (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2012:i:4:p:117-125

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