Theory of Production

analysis applied technically assortment assume average productivity capital objects concept concern condition confluence region consider constant continuity factors cost curve cost line decreasing average return defined definition depreciation equal example expression fabrication coefficients factor beam factor combination factor diagram factor point factor quantities factor rings fixed factor prices formula given factor increase input isocline isoquant kind magnitude maintenance investment marginal elasticities marginal productivity negative optimum law parameter pari-passu law partial partial derivatives passus coefficient passus equation positive potato digging presupposition primary investment dose product function product price production factors production law profit proportional factor variation quantity adjuster regular ultra-passum law reinvestment respect to factor ring functions shadow factors substitumal marginal cost substitution region tangential technically optimal technically post-optimal term theory of production total cost total product v₁ variable factor prices vary writing-off zero θυι