# Archive | Production Function

## Envelope Theorem for Constrained Optimization | Production | Economics

The Envelope theorem is explained in terms of Shepherd's Lemma. In this case, we can apply a version of the envelope theorem.  Such theorem is appropriate for following case: Envelope theorem is a general parameterized constrained maximization problem of the form Such function is explained as h(x1, x2 a) = 0. In the case of the cost function, the function [...]

By |2017-06-08T11:57:23+05:30June 8, 2017|Production Function|Comments Off on Envelope Theorem for Constrained Optimization | Production | Economics

## The Technical Rate of Substitution | Production Function | Economics

The technical rate of substitution in two dimensional cases is just the slope of the iso-quant. The firm has to adjust x2 to keep out constant level of output. If x1 changes by a small amount then x2 need to keep constant. In n dimensional case, the technical rate of substitution is the slope of an iso-quant surface. It is [...]

By |2017-06-08T11:57:23+05:30June 8, 2017|Production Function|Comments Off on The Technical Rate of Substitution | Production Function | Economics

## Essay on Production Function: Top 18 Essays | Firm | Economics

Here is a compilation of essays on ‘Production Function’ for class 9, 10, 11 and 12. Find paragraphs, long and short essays on ‘Production Function’ especially written for school and college students. Essay on Production Function Essay Contents: Essay on Production Function Essay on the Role of Time in Production Essay on Production Functions and Technology Essay on the Short-Run [...]

By |2017-03-04T14:07:47+05:30March 4, 2017|Production Function|Comments Off on Essay on Production Function: Top 18 Essays | Firm | Economics
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