1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...

Programming theory is treated initially without any assumptions about the functions and with interpretation for production and activity analysis. By proof of a general theorem about optimal and ...

This is a preview. Log in through your library . Abstract The convolution of two φ-convex functions is estimated by means of an inequality of Hadamard type. The sharpness of this inequality is ...