Abstract
Here we show how to represent the basic economic principle of substitution in STELLA, showing how a firm can maximize its profits with multiple inputs.
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© 2012 Springer Science+Business Media, LLC
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Ruth, M., Hannon, B. (2012). Substitution of Inputs in Production. In: Modeling Dynamic Economic Systems. Modeling Dynamic Systems. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-2209-9_8
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DOI: https://doi.org/10.1007/978-1-4614-2209-9_8
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Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4614-2208-2
Online ISBN: 978-1-4614-2209-9
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