The per worker production function attempts to model how much a single employee will produce based on either land available or capital invested. The Malthusian model bases it solely on land while the ...
In micro-economic theory much room is given to the discussion of inhomogeneous production functions, or more precisely, production functions with a monotonically decreasing elasticity of scale. On the ...
The usefulness of the production possibility curve for the empirical testing of international trade theory is demonstrated. Agricultural and manufacturing production functions are estimated for the ...
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