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MANAGERIAL VIEW ON THE PRODUCTION ANALYSIS IN AGRICULTURE - THE APPLICATION OF THE COBB-DOUGLAS PRODUCTION FUNCTION
(STEF92 Technology, 2014, R. Kotulic, J. Pavelkova, I. K. Vozarova, R. Vavrek)
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The effective use of production factors and their right combination is in focus of the economics and is an integral part of the economic practice. Defining of the efficient allocation of resources is very difficult, because the term efficiency has different meanings, in theory and in practice. The ability to assess properly the relationship between the factors of production and the subsequent production is a prerequisite for effective management of the company from the perspective of planning and optimizing of the...



