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 ...

In this paper we present results of joint estimates of factor demand functions in aggregate Swedish industry and in eight of its subsectors using the equilibrium equality between marginal ...

This article reviews the empirical nature of isoclines or expansion paths from production functions derived from experiments. The algebraic and geometric nature of isoclines is explained for ...