MODELLING THE PRODUCTION FUNCTION

conference paper

English

Mthematical methods of modelling the production function may be emplyed in a number of practicareas such as company management, strategic marketing as well as in research and at different teaching levels. Polynomial functions are very well managable and therefore frequently used. The paper is concerned with modelling the production function by polynomial functions observig the low of diminishing of marginal physical product.

polynomial function, model of production function

CHVÁTALOVÁ, Z.

1. 1. 2002

Ing. Zdeněk Novotný, CSc., Ondráčkova 105, Brno

Brno

80-86510-39-5

BUSINESS AND ECONOMIC DEVELOPMENT IN CENTRAL AND EASTERN EUROPE:IMPLICATIONS FOR ECONOMIC INTEGRATION INTO WIDER EUROPE

73-78

6