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A notion of sufficient input

By Bertrand Crettez and Philippe Michel

Abstract

In this paper, we study a notion of sufficient input, i.e. input that allows to produce at least one unit of output when the other inputs are fixed at any positive level. We show that such an input allows to produce any positive amount of production. The main property of sufficient inputs is as follows. A input is sufficient if and only if the unit cost goes to zero when its price goes to zero.

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