Abstract
The purpose of this chapter is to provide the theoretical foundation for empirical work which follows. The economic unit under consideration, which combines several inputs to produce several outputs, will be called a firm. We assume that the firm is guided by the motive of profit-maximization, where profit is defined as the excess of revenue over cost.
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© 1976 Springer-Verlag Berlin · Heidelberg
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Hasenkamp, G. (1976). Multiple-Output Production Functions. In: Specification and Estimation of Multiple-Output Production Functions. Lecture Notes in Economics and Mathematical Systems, vol 120. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45481-3_2
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DOI: https://doi.org/10.1007/978-3-642-45481-3_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-07625-4
Online ISBN: 978-3-642-45481-3
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