1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...

Government analytics refers to the use of data to diagnose and improve the machinery of government, or public administration. The Handbook introduces a public administration production function to ...

No matter the control system that we may be designing, whether it’s a HVAC monitor, motor controller or simple IoT sensor node, the system must control IO. This includes reading and writing digital IO ...

In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...