OPTIMIZATION OF CAPITAL-LABOR RATIO – THE WAY TO THE INTERNAL EQUILIBRIUM OF THE ENTERPRISE
Journal Title: Вісник Одеського національного університету. Економіка. - Year 2018, Vol 23, Issue 6
Abstract
The concept of the optimal capital-labor ratio of the enterprise is substantiated according to the criterion of maximization of sold products at given total costs of production factors. The theoretical problems of optimization of the capital-labor ratio of an enterprise on the basis of two-factor production functions are researched. The path to the internal equilibrium of the commodity producer according to the trajectory of growth passing through points with the margin limit of technological substitution of production factors equal to one is proposed.
Authors and Affiliations
V. О. Iankovyi
Keywords
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