The purpose of this study is to analyze the effect of production on the Oliver flounder by estimating the production function. The Cobb-Douglas model was used for the analysis, and the dependent variable was production, and the independent variable wa...
The purpose of this study is to analyze the effect of production on the Oliver flounder by estimating the production function. The Cobb-Douglas model was used for the analysis, and the dependent variable was production, and the independent variable was the number of workers, water, electricity, quantity of juvenile, feed, quarantine, and local dummy. Returns to Scale and marginal products of each factor of production were analyzed. As a result of the analysis of the production function, the number of workers, electricity, quantity of juvenile, and regions were found to be factors affecting the production of Oliver Flounder. As a result of the analysis of marginal products, it was confirmed that the aquaculture of Oliver flounder was labor-intensive and had different quarantine effects by region.