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from 120 catfish fingerlings producers in Edo State, Nigeria to examine the profitability and profit efficiency of their …This study used descriptive statistics, budgetary analysis, and stochastic profit function to analyze data collected … production. Producers earn a revenue of NGN 2,885,443.2 and make NGN 2,084,004.24 as net profit per production cycle 120 …
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The factor X in the RPI-X regulation aims to adjust price or revenue allowances to changes in total factor productivity and input prices. A cost Malmquist index can be applied to determine the efficient cost change (ECC). However, regulators typically do not have the necessary data on input...
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