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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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. |
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{{DEFAULTSORT:Production Set}} |
{{DEFAULTSORT:Production Set}} |
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Revision as of 13:21, 20 March 2011
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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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