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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>.(Varian H.1999) Used as part of [[profit maximization]] calculations.
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.


==References==
==References==
{{Footnotes}}
{{Reflist}}


{{DEFAULTSORT:Production Set}}
{{DEFAULTSORT:Production Set}}

[[Category:Economics]]
[[Category:Economics]]
[[Category:Microeconomics]]
[[Category:Microeconomics]]


{{Microeconomics-stub}}
{{Microeconomics-stub}}

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

  1. ^ Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition