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== |
==See also== |
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Revision as of 19:50, 23 November 2016
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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