PRODUCTION, INVESTMENT AND IDLE CAPACITY: I. INTRODUCTION: THE DIFFERENCE BETWEEN PRODUCTION AND INVESTMENT DECISIONS

PRODUCTION, INVESTMENT AND IDLE CAPACITY: I. INTRODUCTION: THE DIFFERENCE BETWEEN PRODUCTION AND INVESTMENT DECISIONS

A production decision is one in which the firm is concerned with how much of an already existing stock of capital inputs should be utilized in combination with other substitutable inputs to produce a profit maximizing level of output. An investment decision is one in which the firm is concerned with...

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Veröffentlicht in:Southern economic journal 1976-07, Vol.43 (1), p.855
1. Verfasser: Proctor, Michael S
Format: Artikel
Sprache:eng
Schlagworte:
Capital stock
Decision making
Investments
Production functions
Profits
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Zusammenfassung:A production decision is one in which the firm is concerned with how much of an already existing stock of capital inputs should be utilized in combination with other substitutable inputs to produce a profit maximizing level of output. An investment decision is one in which the firm is concerned with how large a stock of capital should be...
ISSN:0038-4038
2325-8012