Book of Donmon Teith

Modern production concepts can be considered as an essential field of economics nowadays. They help to give valuable insights and thus provide important competi

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the neoclassical theory of the firm presented in most

Duality of production, cost, and profit functions; Functional forms in production theory; An analysis of the concept of real value-added; Empirical applications

Since 1973, the European Institute for Advanced Studies in Management in Brussels has organized regular workshops in the area of management science. The aim of