On Certain Conditions for Generating Production Functions - I
On Certain Conditions for Generating Production Functions - I
Author(s): Cătălin Angelo Ioan, Gina IoanSubject(s): Economy
Published by: Editura Universitară Danubius
Keywords: production function; productivity; marginal rate of substitution
Summary/Abstract: The article is the first in a series that will treat underlying conditions to generate a production function. The importance of production functions is fundamental to analyze and forecast the various indicators that highlights different aspects of the production process. How often forgets that these functions start from some premises, the article comes just meeting these challenges,analyzing different initial conditions. On the other hand, where possible, we have shown the concrete way of determining the parameters of the function.
Journal: Acta Universitatis Danubius. Œconomica
- Issue Year: 12/2016
- Issue No: 1
- Page Range: 129-150
- Page Count: 22
- Language: English
