ERIC Number: EJ557555
Record Type: CIJE
Publication Date: 1998
Reference Count: 0
Factor Dominance and Long-Run Equilibrium Scale.
Vaage, Gjermund; Kohn, Robert E.
Journal of Economic Education, v29 n1 p65-71 Win 1998
Examines two classes of production functions in which the long-run competitive equilibrium scale of the firm increases when the relative price of the dominant factor decreases. Compares these with a third class of production functions where the equilibrium scale is independent of the relative price of the dominant factor. (MJP)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: Practitioners; Researchers; Teachers
Authoring Institution: N/A