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 ...

Frontier production functions are important for the prediction of technical efficiencies of individual firms in an industry. A stochastic frontier production function model for panel data is presented ...

Robert G. Chambers, John Quiggin, The State-Contingent Properties of Stochastic Production Functions, American Journal of Agricultural Economics, Vol. 84, No. 2 (May, 2002), pp. 513-526 ...