Production set

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by ChrisGualtieri (talk | contribs) at 02:07, 20 October 2013 (General Fixes using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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