"Production and supply analysis are core components of applied microeconomics. Taken together with considerations of demand and marketing, production and supply complete the nexus of what comprises modern applied economics. Lecture Notes in Production and Supply presents the core components of...

The conventional functional form of the Constant-Elasticity-of-Substitution (CES) production function is a general production function nesting a number of other forms of production functions. Examples of such functions include Leontief, Cobb–Douglas, and linear production functions....