Production set: Difference between revisions
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A '''production set''' is the set of all possible |
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}} |
{{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.