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Production set: Difference between revisions

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A '''production set''' is the set of all possible product combinations that a firm can produce given its resources. Used as part of profit maximization calculations.
A '''production set''' is the set of all possible input bundles that a firm can produce given its resources. Used as part of profit maximization calculations.


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{{econ-stub}}

Revision as of 05:16, 16 November 2006

A production set is the set of all possible input bundles that a firm can produce given its resources. Used as part of profit maximization calculations.