Basic Notions of Production Functions

Charles Moss

Chapter 1 in Production Economics:An Empirical Approach, 2022, pp 1-69 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:Overview of the Production FunctionOne Product, One-Variable Factor RelationshipElasticity of ProductionOne Product, Two-Variable FactorsSome typical multivariate production functionsIsoquantsEconomic Consequences of the Production FunctionDefinition of the Production FunctionProperties of the Production FunctionLaw of Variable ProportionsElasticity of ScaleMeasures of Input SubstitutionSome Simple Production MechanicsSingle Produce Primal OptimizationProfitmaximizationCost minimizationMultiproduct Primal FunctionsChapter SummaryReview QuestionsExercises

Keywords: Production Economics; Producer Behaviour; Econometrics; Primal Approach; Dual Approach; Differential Approach; Economic Efficiency (search for similar items in EconPapers)
JEL-codes: D2 D51 L11 L23 (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811241260_0001 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811241260_0001 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811241260_0001

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().