Titlebook: An Introduction to Cost and Production Functions; David F. Heathfield,S?ren Wibe Textbook 1987Latest edition David F. Heathfield and S?ren

含水層

Ged?chtnis, Wissen und soziale IntegrationThe first step in the development of the production function had been taken by Cobb and Douglas in the 1920s. The second step was to come some forty years later by a quartet of economists — Arrow, Chenery, Minhas and Solow (ACMS). They developed the Constant Elasticity of Substitution function.

搬運(yùn)工

,§ 613 a BGB in Treuhandunternehmen,The CES was a natural extension of the Cobb-Douglas in that it permitted the elasticity of substitution to be something other than unity. The next obvious step is to generate a function which allows the elasticity of substitution to change with output and/or factor proportions.

幾何學(xué)家

Sozialplanformen in Treuhandunternehmen,A production function has been described above as the function relating inputs to outputs of production processes when all inputs are efficiently used. By ‘efficiently’ is meant that no more than is necessary of any input is used in the production of a given level of output.

獨(dú)行者

膽汁

Cost Functions and the Theory of the Firm,Having outlined the range of choices open to an entrepreneur (the production function), we shall now investigate the economic side of production, that is the choice of a technology and a level of output from among the many possible.

令人不快

Elasticity, Efficiency and the Theory of the Firm,In this chapter we shall ignore technological progress and focus attention on two quantitative aspects of a static production function. The first concerns some useful tools for investigating the relationship between prices and choice of technologies. The interface as it were between the technical and the economic aspects of production.

蛛絲

The CES Function,The first step in the development of the production function had been taken by Cobb and Douglas in the 1920s. The second step was to come some forty years later by a quartet of economists — Arrow, Chenery, Minhas and Solow (ACMS). They developed the Constant Elasticity of Substitution function.

Mendicant

保存

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