EIRP Proceedings, Vol 7 (2012)

The determination of the main indicators of a production function

Catalin Angelo Ioan


Production functions are an essential tool for analysis of production processes. The indicators of marginal production, marginal rates of substitution, elasticities of production and the marginal elasticity of technical substitution characterized, from different point of view, the behavior of the production under the action of factors of labor or capital. This paper presents a new way of determining using the first-order differential equation of Bernoulli type, giving also a useful tool for the creation of new production functions.


Full Text: PDF


  • There are currently no refbacks.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.