The Class of Homothetic Isoquant Production Functions
نویسندگان
چکیده
منابع مشابه
Homogeneous & Homothetic Functions
It should now become obvious the our profit and cost functions derived from production functions, and demand functions derived from utility functions are all homogeneous functions. Using these functions offers us ease of interpretation of key economic ideas. Consider the following idea related to production functions, the returns to scale. Let f(x) be the production function. Then if it were ho...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1968
ISSN: 0034-6527
DOI: 10.2307/2974410