The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Oct, 1961, Volume 29, Issue 4
https://doi.org/0012-9682(196110)29:4<650:TTOCAP>2.0.CO;2-V
p. 650-658
Ralph W. Pfouts
In this paper the theory of cost and production in the multi-product firm is formulated as a problem of minimizing a convex function subject to convex inequality constraints. The Kuhn-Tucker theorem is used to solve the problem. Differences between cost and production theories for the single-product firm and for the multi-product firm are noted briefly.
