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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<ref>Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition</ref> |
The set of all combinations of inputs and outputs that comprise a technologically feasible way to produce is called a production set.<ref>Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition</ref>(Varian H.1999) Used as part of [[profit maximization]] calculations. |
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==References== |
==References== |
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{{DEFAULTSORT:Production Set}} |
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[[Category:Economics]] |
[[Category:Economics]] |
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Revision as of 09:04, 7 February 2013
The set of all combinations of inputs and outputs that comprise a technologically feasible way to produce is called a production set.[1](Varian H.1999) Used as part of profit maximization calculations.
References
- ^ Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition