|Mause I 54
Production Theory/Neoclassics: Production theory deals with the question of how companies should produce. Marginal value analysis plays a central role here, as it was used to derive the theory of marginal productivity. This is based on the assumption of decreasing marginal yields and states that profit-maximizing companies will use every production factor (i.e. labour, land and capital) to the extent that the product of marginal yield (or marginal productivity) and price of the goods produced is equal to the factor price (i.e. wage)._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018