Environment as a production input : a tutorial
2008
Vincent, Jeffrey R.
The paper examines and reviews relationships among three key functions in production economics: production functions, cost functions, and profit functions, and how they can be used to value changes in environmental quality. A cost function is an economic relationship that relates the minimum cost of production to the quantity of output, the prices of variable inputs, and the quantities of fixed inputs, including environmental inputs. The paper demonstrates the application of some mathematical models, for calculating variables and possible outcomes. The work can be used as a tutorial for production economics.
Show more [+] Less [-]AGROVOC Keywords
Bibliographic information
This bibliographic record has been provided by International Development Research Centre