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Technological Progress

  • David F. Heathfield
  • Sören Wibe
Chapter
  • 32 Downloads

Abstract

A production function has been described above as the function relating inputs to outputs of production processes when all inputs are efficiently used. By ‘efficiently’ is meant that no more than is necessary of any input is used in the production of a given level of output.

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Copyright information

© David F. Heathfield and Sören Wibe 1987

Authors and Affiliations

  • David F. Heathfield
  • Sören Wibe

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