Substytucja Czynników Produkcji Jako Zródło Przewagi Konkurencyjnej w Gospodarstwach Specjalistycznych
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
The aim of the study was to evaluate the substitution of production factors and its impact on the total
cost of production in the commercial farms specializing in milk production. The research method was the
production function Cobb-Douglas. The value of the Marginal Rate of Substitution of capital for labour
and amount of the total costs were presented, depending on the level of the labour input. It has been shown
that substitution of production factors contribute to the reduction of production costs on farms specializing
in milk production, allowing them achieve competitive advantage.