COSTS AND OUTPUTS,
Abstract
Obscurities, ambiguities and errors exist in cost and supply analysis despite, or because of, the immense literature on the subject. Especially obscure are the relationships between cost and output both in the long run and in the short run. Propositions designed to eliminate some of these ambiguities and errors are presented in this paper. More important, these suggested propositions seem to be empirically valid. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 03, 1958
- Accession Number
- AD0607003
Entities
People
- Armen Alchian
Organizations
- RAND Corporation