Production set: Difference between revisions
Appearance
Content deleted Content added
m Add {{Microeconomics-stub}} and remove {{Econ-stub}} |
m removing orphan template as not a valid orphan |
||
Line 1: | Line 1: | ||
{{Unreferenced stub|auto=yes|date=December 2009}} |
{{Unreferenced stub|auto=yes|date=December 2009}} |
||
{{Orphan|date=May 2008}} |
|||
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. |
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. |
||
Revision as of 22:57, 7 November 2010
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.