Acta Universitatis Danubius. Œconomica, Vol 8, No 5 (2012)

On the General Theory of Production Functions

Catalin Angelo Ioan, Gina Ioan

Abstract


In this paper we will study from an axiomatic point of view the production functions. Also we will define the main indicators of a production function, extending the classical definitions to n inputs and introducing other new. We will modify the notion of global average productivity and replace it with more realistic indicators. On the other hand, the notion of global rate of substitution will be introduced to the analysis of n goods.


References



Full Text: PDF

Refbacks

  • There are currently no refbacks.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.