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- Conditional_factor_demands abstract "In economics, a conditional factor demand function specifies the cost-minimizing level of an input (factor of production) such as labor or capital, required to produce a given level of output, for given unit input costs (wage rate and rental rate) of the input factors. The conditional portion of this phrase refers to the fact that this function is conditional on a given level of output, so output is one argument of the function. Since the optimal mix of input levels depends on the wage and rental rates, these rates are also arguments of the conditional demand functions for the inputs. This concept is similar to but distinct from the factor demand functions, which give the optimal demands for the inputs when the level of output is free to be chosen; since output is not fixed in that case, output is not an argument of those demand functions.".
- Conditional_factor_demands wikiPageID "2187778".
- Conditional_factor_demands wikiPageRevisionID "413913887".
- Conditional_factor_demands hasPhotoCollection Conditional_factor_demands.
- Conditional_factor_demands subject Category:Economics_terminology.
- Conditional_factor_demands comment "In economics, a conditional factor demand function specifies the cost-minimizing level of an input (factor of production) such as labor or capital, required to produce a given level of output, for given unit input costs (wage rate and rental rate) of the input factors. The conditional portion of this phrase refers to the fact that this function is conditional on a given level of output, so output is one argument of the function.".
- Conditional_factor_demands label "Conditional factor demands".
- Conditional_factor_demands sameAs m.06th1g.
- Conditional_factor_demands sameAs Q5159261.
- Conditional_factor_demands sameAs Q5159261.
- Conditional_factor_demands wasDerivedFrom Conditional_factor_demands?oldid=413913887.
- Conditional_factor_demands isPrimaryTopicOf Conditional_factor_demands.