AN ECONOMETRICAL ANALYSIS AND THE USE OF PARETO MODEL TO MAXIMIZE THE ECONOMIC | ||
| IRAQ JOURNAL OF AGRICULTURE | ||
| Article 1, Volume 17, Issue 1, December 2012, Pages 0-0 | ||
| Author | ||
| H. T. Z. Al-Summary | ||
| Abstract | ||
| In this study, the use of pareto model to achieve economic well-being economics that get by individual as a result of consumptions commodities and services and the exercise of some economics activity, it was in this research determine the optimum structure of the production of two outputs are wheat, corn X1, X2, and the structure of the allocation of resources for the two components of labor and capital L, K, and the structure distribution of the output of consumers A, B through producers Y1, Y2, was to obtain the optimal specialization points N, N1, N2, N3, N4, and value were as follows 2.5, 3.33, 3.75, 5.00, 5.55), respectively, points of contact between the resulting curves are equal (curves social and economic well-being) (S, S1, S2, S3, S4), and production possibility curve Q1, Q2, and the results demonstrated that the optimal combinations of the elements of production, labor and capital L, K, of the marginal rate of technical substitution (MRS) was (5, 10), units respectively, ,and the quantities to satisfy the consumer the best producers of wheat and corn (X1, X2), Marginal rate of substitution (MRS) was 8.33, 12.5, unites respectively,, while the optimal combinations of the producers of wheat and corn Y1, Y2, to the marginal rate of product transformation (MRT) was 10, 25, respectively, too, was also reached to point of Bliss and the amount of 13, 22, between the curves of curve of social well-being and the biggest benefit curve (curve of production is possible) thus achieving the requirement of efficiency in production and consumption together , ∆w ∆w When: p = {───}p ={ ───}c when p = production, c = consumption ∆c ∆c | ||
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