Production set

A production set is the set of all combinations of inputs and outputs that comprise a technologically feasible way to produce.[1] It is used as part of profit maximization calculations.

See also

References

  1. Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.