Estimation of Short Run Production Function

6 Pages Posted: 5 Aug 2011

See all articles by Dr. Furrukh Bashir

Dr. Furrukh Bashir

University of the Punjab (PU) - Department of Economics; The Islamia University of Bahawalpur, Pakistan

Shahzaib Khan

Bahauddin Zakariya University

Asad Aftab

B.Z.U Multan

Nadeem Abbas

affiliation not provided to SSRN

Usman Bukhari

affiliation not provided to SSRN

Haseeb Marral

affiliation not provided to SSRN

Date Written: May 30, 2011

Abstract

The purpose of this study is to find out the labor units at which firm earns the maximum profit to minimize the costs of input. We use the secondary and time series data of 29 quarters and estimated the results with help of multiple regression analysis to find out that at optimal level where marginal revenue product of labor intersect the marginal resource cost of labor. We have concluded that optimum units of labor units should be 1034. By employing 1034 units of labor, firm can generate maximum profit.

Suggested Citation

Bashir, Furrukh and Khan, Shahzaib and Aftab, Asad and Abbas, Nadeem and Bukhari, Usman and Marral, Haseeb, Estimation of Short Run Production Function (May 30, 2011). Available at SSRN: https://ssrn.com/abstract=1905553 or http://dx.doi.org/10.2139/ssrn.1905553

Furrukh Bashir (Contact Author)

University of the Punjab (PU) - Department of Economics ( email )

Lahore
Pakistan

The Islamia University of Bahawalpur, Pakistan ( email )

Bahawalpur, Punjab 63100
Pakistan

Shahzaib Khan

Bahauddin Zakariya University ( email )

Multan, PA
Pakistan

Asad Aftab

B.Z.U Multan ( email )

Nadeem Abbas

affiliation not provided to SSRN ( email )

Usman Bukhari

affiliation not provided to SSRN ( email )

Haseeb Marral

affiliation not provided to SSRN ( email )

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
26
Abstract Views
1,189
PlumX Metrics