Production Theory and Indivisible Commodities. (PSME-3), Volume 3
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Axiom
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Coefficient
Combination
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Cost curve
Counterexample
Decision problem
Decision rule
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Demand curve
Diagram (category theory)
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Divisibility rule
Econometrica
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Economics
Economy
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Exchange rate
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Factors of production
Foundations of Economic Analysis
General equilibrium theory
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Management science
Marginal product
Marginal rate of substitution
Marginal utility
Market value
Mathematical economics
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Overhead (business)
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Pareto efficiency
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Price
Price discrimination
Price mechanism
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Principles of Economics (Menger)
Probability
Production function
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Production theory
Production-possibility frontier
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Quantity
Resource allocation
Revised simplex method
Satisficing
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Sign (mathematics)
softlaunch
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Product details
- ISBN 9780691622125
- Weight: 227g
- Dimensions: 152 x 235mm
- Publication Date: 08 Dec 2015
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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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. This book incorporates the notion of indivisibility in a limited way into an analysis of production and allocation in the belief that there is a large class of problems for which this type of analysis is relevant. Originally published in 1969. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions.
The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
