File Details
PROFIT FUNCTIONS | |
File name | PROFIT FUNCTIONS |
File Description | The profit-maximization exercise is not easily illustrated with isoquants. A better illustration is depicted.where we have production function y = i½¦ (x). We should interpret this as a one-output, one-input production function, thus x is the only input and the concavity of the production function depicts decreasing returns to scale. |
Category Name | Management Studies |
Subject Name | BUSINESS ECONOMICS |
Module Name | Profit Theory |
Micro Category Name | Functions of Profit |
Level | Masters |
File Type | |
File | Login to Download |
File | Login to Download |