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The top documents tagged [allocation of inputs]
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Ch 4THE THEORY OF PRODUCTION Production theory forms the foundation for the theory of supply Managerial decision making involves four types of production
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Total Output, x “Stylized” view of production functions – long run and short run Long-run Production with 2 variable inputs (v 1, v 2 ): v1v1 v2v2 v11v11
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