Accession Number:

ADA048056

Title:

A Dynamic Formulation of the Law of Diminishing Returns.

Descriptive Note:

Research rept.,

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

Report Date:

1977-10-01

Pagination or Media Count:

26.0

Abstract:

Based on an axiomatic framework for a dynamic production structure a law of diminishing returns is derived. This law shows that for output to be bounded in rate i.e., norm and in time availability i.e., support it is necessary and sufficient that an essential subvector of inputs is likewise bounded in rate and time availability. Author

Subject Categories:

  • Theoretical Mathematics
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE