Managerial Economics and Production Functions - Theoretical Review and Practical Applications

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dc.contributor.authorKwesi Atta Sakyi
dc.date.accessioned2025-12-05T10:18:12Z
dc.date.issued2020-09
dc.descriptionRESEARCH PAPERS AND JOURNAL ARTICLES
dc.description.abstractThe objective of this paper is to review the important economic concept of production functions with regard to how they influence business decisions both in the short and long run, and also shows how practically they determine how firms compete to make profit. This paper is a short review of an important economic concept so the approach adopted as methodology was that of a qualitative approach based on relying on secondary data. It is hoped that the paper will stimulate further reading and research by researchers and students alike.
dc.description.sponsorshipZCAS UNIVERSITY
dc.identifier.citationHarvard Referencing
dc.identifier.issn2454-6186
dc.identifier.urihttp://dspace.zcas.edu.zm/handle/123456789/189
dc.language.isoen_US
dc.publisherInternational Journal of Research and Innovation in Social Science
dc.subjectproduction function
dc.subjectshort run
dc.subjectlong run
dc.subjecteconomies of scale
dc.subjecteconomies of scope
dc.subjectdiminishing returns
dc.subjectfixed costs
dc.subjectvariable costs
dc.subjectprofit maximization
dc.subjectrelevant costs
dc.subjectirrelevant costs
dc.titleManagerial Economics and Production Functions - Theoretical Review and Practical Applications
dc.typeArticle

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