Programming theory is treated initially without any assumptions about the functions and with interpretation for production and activity analysis. By proof of a general theorem about optimal and ...

This is a preview. Log in through your library . Abstract In this note it is proved that the integral arithmetic mean of a convex function is a Schur-convex function. Applications to Schur-convexity ...

1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...