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Production Theory and Indivisible Commodities
Charles Raphael Frank
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Description for Production Theory and Indivisible Commodities
Hardback. Series: Princeton Studies in Mathematical Economics. Num Pages: 154 pages, black & white illustrations. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 235 x 155 x 11. Weight in Grams: 399.
One of the usual assumptions in economic theory is that an entity called a commodity can be measured or that the amount of it can be represented by any real number. The functions (or other types of mapping) with which the economist deals, such as production functions, demand curves, and cost functions are assumed to be defined for real number arrays and to behave properly with respect to various criteria of continuity. Assumptions of this sort imply an acceptance of commodity divisibility. However, it is possible that in many instances indivisible rather than divisible commodities are the more relevant factors. ... Read more
One of the usual assumptions in economic theory is that an entity called a commodity can be measured or that the amount of it can be represented by any real number. The functions (or other types of mapping) with which the economist deals, such as production functions, demand curves, and cost functions are assumed to be defined for real number arrays and to behave properly with respect to various criteria of continuity. Assumptions of this sort imply an acceptance of commodity divisibility. However, it is possible that in many instances indivisible rather than divisible commodities are the more relevant factors. ... Read more
Product Details
Format
Hardback
Publication date
2017
Publisher
Princeton University Press United States
Number of pages
154
Condition
New
Series
Princeton Studies in Mathematical Economics
Number of Pages
154
Place of Publication
New Jersey, United States
ISBN
9780691648958
SKU
V9780691648958
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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