Titlebook: Cost and Production Functions; Ronald W. Shephard Book 1981 Ronald W. Shephard 1981 Cost.Functions.Kosten.Produktionsfunktion.production

Taylor

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Bureaucracy

洞察力

寬度

Constraints on the Factors of Productionon functions . and ., and cost per unit time given by (5) was defined without fixed charges per unit time independent of the prices and quantities. These simplifications were made for initial convenience and they may be substantially relaxed without essentially changing the previous analysis.

殺菌劑

Material- und Fertigungswirtschaft,Consider a single production process yielding one homogeneous output and let U denote the output per unit time at some time t. We suppose that the process involves the use of n factors of production, and write x.,x.,...,x. as amounts per unit time of these factors associated with the output U.

陰謀

陰謀

惡臭

The Process Production FunctionConsider a single production process yielding one homogeneous output and let U denote the output per unit time at some time t. We suppose that the process involves the use of n factors of production, and write x.,x.,...,x. as amounts per unit time of these factors associated with the output U.

insular

DEBT

The Producer’s Minimum Cost FunctionFor given rates of output U and prices p. of the factors of production, the rates . at which the factors are used satisfy equation (2) and minimize (5), if the process is organized instantaneously for minimum cost. Necessary conditions for this minimum property are .where the Lagrangian multiplier λ may depend in general upon U, p.,..., p..