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A notion of sufficient input

Author

Listed:
  • Bertrand Crettez

    (Université de Franche-Comté)

  • Philippe Michel

    (G.R.E.Q.A.M, Université d'Aix-Marseille II, E.U.R.E.Q.U.A, Université de Paris I)

Abstract

In this paper, we study a notion of sufficient input, i.e. input that allows to produce at least one unit of output when the other inputs are fixed at any positive level. We show that such an input allows to produce any positive amount of production. The main property of sufficient inputs is as follows. A input is sufficient if and only if the unit cost goes to zero when its price goes to zero.

Suggested Citation

  • Bertrand Crettez & Philippe Michel, 2003. "A notion of sufficient input," Economics Bulletin, AccessEcon, vol. 4(37), pages 1-4.
    • Handle: RePEc:ebl:ecbull:eb-03d20003
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    JEL classification:

    • D2 - Microeconomics - - Production and Organizations

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