5 research outputs found
The economics of forage production and utilization in the province of Quebec.
At any time a farm-firm has at its disposal given quantities of various factors of production. This study is concerned with investigating a procedure which will generally lead to that combination of production factors which is both feasible and most renumerative. Any theory of the firm has much the same objectives but sufficient differences in assumptions exist to make a general theory which would include all others an expository tool excelling in completeness rather than lucidity. The subject areas of difference deal with the nature of the objective functional to be maximized, the differentibility of production relationships; the stochastic nature of production relationships and the imperfection of both input and output markets