United States public schools in the first decade of the twenty-first century are faced with increasing demands for improving performance; simultaneously, government budgets are stagnant or shrinking. Thus it is particularly important to consider ways in which schools and school districts can use...

The dynamic duality econometric approach with the case of multiple outputs is applied to the US cigarette manufacturing industry to test for the presence of adjustment costs and quasi-fixed inputs with regard to stocks of capital and tobacco. Capital and tobacco stocks are found to be...

This paper derives all the formulae of interest of a short-run production function. For a perfectly competitive firm, this paper derives real profit maximizing labor, output, and real operating profit. For a given nominal wage rate of labor, it derives the corresponding total variable cost...