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Cost and Production Functions - Lecture Notes in Economics and Mathematical Systems 194 (Paperback)
  • Cost and Production Functions - Lecture Notes in Economics and Mathematical Systems 194 (Paperback)
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Cost and Production Functions - Lecture Notes in Economics and Mathematical Systems 194 (Paperback)

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£64.99
Paperback 106 Pages / Published: 01/10/1981
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This study is the result of an interest in the economic theory of production intermittently pursued during the past three years. Over this period I have received substantial support from the Office of Naval Research, first from a personal service consulting contract directly with the Mathematics Division of the Office of Naval Research and secondly from Project N6 onr-27009 at Princeton Univer- sity under the direction of Professor Oskar Morgenstern. Grateful acknowledgement is made to the *Office of Naval Research for this support and to Professor Morgenstern, in particular, for his interest in the puolication of this research. The responsibility for errors and omissions, how- ever, rests entirely upon the author. Professor G. C. Evans has given in terms of a simple total cost function, depending solely upon output rate, a treatment of certain aspects of the economic theory of production which has inherent generality and convenience of formulation. The classical approach of expressing the technology of production by means of a production function is potentially less restrictive than the use of a simple total cost function, but it has not been applied in a more general form other than to derive the familiar conditions between marginal productivities of the factors of produc- tion and their market prices.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783540111580
Number of pages: 106
Weight: 210 g
Dimensions: 235 x 155 x 6 mm
Edition: Softcover reprint of the original 1st ed. 198

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