Produkčný proces náklady. Krátky a dlhý časový horizont. Produkčné faktory. Minimalizácia nákladov.
1. PRODUCTION FUNCTION summarizes technology available for converting inputs into output. mathematically : Q = F ( K, L )
• measures of productivity : 1. TOTAL PRODUCT - maximum level of output that can be produced with given input usage 2. AVERAGE PRODUCT - total product divided by the quantity used of the input ; AP lab = Q / L 3. MARGINAL PRODUCT of an input is the change in total output attributable to the last unit of an input ; MP lab = ∆ Q / ∆ L = ∂ Q / ∂ L