Abstract
This chapter discusses the optimisation of production under the simplest preconditions: The production of one product (output) using one input. The amount of the other inputs is presumed given as fixed amounts. The prices of inputs and outputs are presumed given externally (the producer is a price taker) and these prices are presumed to be constant, no matter how much the producer buys and sells.
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© 2013 Springer-Verlag Berlin Heidelberg
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Rasmussen, S. (2013). Optimisation with One Input. In: Production Economics. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-30200-8_3
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DOI: https://doi.org/10.1007/978-3-642-30200-8_3
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Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-30199-5
Online ISBN: 978-3-642-30200-8
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