Production set: Difference between revisions
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{{Unreferenced stub|auto=yes|date=December 2009}} |
{{Unreferenced stub|auto=yes|date=December 2009}} |
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The set of all combinations of inputs and outputs that comprise a technologically feasible way to produce is called a production |
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A '''production set''' is the set of all possible output bundles that a firm can produce given its vector of inputs. Used as part of [[profit maximization]] calculations. |
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set.(Varian H.1999) Used as part of [[profit maximization]] calculations. |
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{{DEFAULTSORT:Production Set}} |
{{DEFAULTSORT:Production Set}} |
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[[Category:Economics]] |
[[Category:Economics]]Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition |
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[[Category:Microeconomics]] |
[[Category:Microeconomics]] |
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{{Microeconomics-stub}} |
{{Microeconomics-stub}} |
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Revision as of 09:49, 10 January 2013
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The set of all combinations of inputs and outputs that comprise a technologically feasible way to produce is called a production set.(Varian H.1999) Used as part of profit maximization calculations.Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition
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