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 ...

This paper examines existing methods of estimating the translog production function and provides a general framework that allows for variable returns to scale. The model is based on the inverse input ...

Muhammad Ali Chaudhary, Mushtaq Ahmad Khan, Kaukab Hassan Naqvi, Munir Ahmad, Estimates of Farm Output Supply and Input Demand Elasticities: The Translog Profit Function Approach [with Comments], The ...