Accession Number : AD0607003

Title :   COSTS AND OUTPUTS,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Alchian,Armen

Report Date : 03 SEP 1958

Pagination or Media Count : 12

Abstract : Obscurities, ambiguities and errors exist in cost and supply analysis despite, or because of, the immense literature on the subject. Especially obscure are the relationships between cost and output both in the long run and in the short run. Propositions designed to eliminate some of these ambiguities and errors are presented in this paper. More important, these suggested propositions seem to be empirically valid. (Author)

Descriptors :   (*ECONOMICS, THEORY), COSTS, MATHEMATICAL MODELS, STATISTICAL FUNCTIONS, MONEY, EQUATIONS, PRODUCTION, MATHEMATICAL ANALYSIS

Distribution Statement : APPROVED FOR PUBLIC RELEASE