Input Demand Functions

Svend Rasmussen ()
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Svend Rasmussen: University of Copenhagen

Chapter 7 in Production Economics, 2013, pp 69-82 from Springer

Abstract: Abstract In this chapter, the theory introduced in Chap. 4 will be used to derive the company’s demand for input used in production. Furthermore, how the theory can be used to analyse what happens to the demand for input when the relative prices vary will also be examined.

Keywords: Budget Constraint; Price Change; Price Increase; Price Elasticity; Profit Maximisation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-30200-8_7

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DOI: 10.1007/978-3-642-30200-8_7

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