Production Set

Production Set

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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A production set is the set of all possible output bundles that a firm can produce given its vector of inputs. Used as part of profit maximization calculations.The supply and demand model describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). The graph depicts a right-shift in demand from D1 to D2 along with the consequent increase in price and quantity required to reach a new market-clearing equilibrium point on the supply curve (S).show more

Product details

  • Paperback | 136 pages
  • 152 x 229 x 8mm | 209g
  • Onym Press
  • United States
  • English
  • black & white illustrations
  • 6136228173
  • 9786136228174