| Cost and Production Functions Softcover Repri Edition Contributor(s): Shephard, R. W. (Author) |
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ISBN: 3540111581 ISBN-13: 9783540111580 Publisher: Springer OUR PRICE: $80.74 Product Type: Paperback - Other Formats Published: October 1981 |
| Additional Information |
| BISAC Categories: - Business & Economics | Production & Operations Management - Business & Economics | Industries - General |
| Dewey: 338.001 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.25" H x 6.14" W x 9.21" (0.39 lbs) 106 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |