Conditional factor demands

id: conditional-factor-demands-320-17481786
title: Conditional factor demands
text: In economics, a conditional factor demand is the cost-minimizing level of an input such as labor or capital, required to produce a given level of output, for given unit input costs of the input factors. A conditional factor demand function expresses the conditional factor demand as a function of the output level and the input costs. 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. Ty
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category slug: encyclopedia
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original url: https://en.wikipedia.org/wiki/Conditional_factor_demands
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date modified: 2021-08-14T17:57:02Z
main entity: {"identifier":"Q5159261","url":"https://www.wikidata.org/entity/Q5159261"}
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