Abstract
Consider a single production process yielding one homogeneous output and let U denote the output per unit time at some time t. We suppose that the process involves the use of n factors of production, and write x1,x2,...,xn as amounts per unit time of these factors associated with the output U.
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References
See: Bonnesen and Fenchel, Theorie Der Konvexen Körper, Chelsea Publishing Co. (1948), pp. 21 and 22.
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© 1981 Ronald W. Shephard
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Shephard, R.W. (1981). The Process Production Function. In: Cost and Production Functions. Lecture Notes in Economics and Mathematical Systems, vol 194. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51578-1_1
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DOI: https://doi.org/10.1007/978-3-642-51578-1_1
Publisher Name: Springer, Berlin, Heidelberg
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