I. Production and Cost: One Variable Input 1. True/ False 1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be ...

Some procedures used in a previous study to estimate production function parameters on the basis of individual establishment data for Norwegian mining and manufacturing from the Census of 1963 are ...

Abstract: The knowledge production function is central to research and development–based growth models. This paper empirically investigates the knowledge production function and intertemporal ...