Production set: Difference between revisions
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Revision as of 14:28, 6 May 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