Uncertainty, the Theory of Production, and Optimal Operating Leverage
Southern Economic Journal, Vol. 47, No. 3 (January 1981), pp. 690-702
Posted: 27 Aug 2014
Date Written: January 1, 1981
Abstract
This paper models the firm's operating leverage in the context of the standard theory of production. The development of the model borrows heavily from a body of literature which might best be described as the "theory of the firm under uncertainty," yet provides important clarification and extension of this literature.
Suggested Citation: Suggested Citation
Shrieves, Ronald E., Uncertainty, the Theory of Production, and Optimal Operating Leverage (January 1, 1981). Southern Economic Journal, Vol. 47, No. 3 (January 1981), pp. 690-702, Available at SSRN: https://ssrn.com/abstract=2487461
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