Production set

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

References

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.

[1] Intermediate Microeconomics, Hal R. Varian 1999,W. W. Norton & Company; 5th edition

Microeconomics
Major topics	Aggregation Budget set Consumer choice Convexity and non-convexity Cost Average Marginal Opportunity Social Sunk Transaction Cost–benefit analysis Deadweight loss Distribution Economies of scale Economies of scope Elasticity Equilibrium General Exchange Externality Firms Goods and services Goods Service Household Income–consumption curve Information Indifference curve Intertemporal choice Market Market failure Market structure Competition Monopolistic Perfect Duopoly Monopoly Bilateral Monopsony Oligopoly Oligopsony Pareto efficiency Preferences Price Production Profit Public goods Rationing Rent Returns to scale Risk aversion Scarcity Shortage Substitution effect Surplus Social choice Supply & demand Uncertainty Utility Expected Marginal Wage
Subfields	Behavioral Business Computational Statistical decision theory Econometrics Engineering economics Civil engineering economics Evolutionary Experimental Game theory Industrial organization Institutional Labor Law Managerial Mathematical Microfoundations of macroeconomics Operations research Optimization Welfare
See also	Economics Applied Macroeconomics Political economy
Category

Production set

See also

References