Production set: Difference between revisions
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A [[production set]] is the set of all combinations of inputs and outputs that comprise a technologically feasible way to produce.<ref>Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition</ref> It is used as part of [[profit maximization]] calculations. |
A [[production set]] is the set of all combinations of inputs and outputs that comprise a technologically feasible way to produce.<ref>Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition</ref> It is used as part of [[profit maximization]] calculations. |
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==See also== |
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*[[Production–possibility frontier]] |
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==References== |
==References== |
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Revision as of 17:15, 7 April 2013
A production set is the set of all combinations of inputs and outputs that comprise a technologically feasible way to produce.[1] It is used as part of profit maximization calculations.
See also
References
- ^ Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition
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