'Input bundle' diaporamas de présentation

Input bundle - PowerPoint PPT Presentation

Cost Minimization

Cost Minimization

20. Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm’s smallest possible total cost for producing y units of output. c(y) is the firm’s total cost function. Cost Minimization.

★ ★ ★ ★ ★

1.1k views • 82 slides
Chapter Twenty

Chapter Twenty

Chapter Twenty. Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm’s smallest possible total cost for producing y units of output. c(y) is the firm’s total cost function.

★ ★ ★ ★ ★

991 views • 82 slides
Chapter Twenty

Chapter Twenty

Chapter Twenty. Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm’s smallest possible total cost for producing y units of output. c(y) is the firm’s total cost function.

★ ★ ★ ★ ★

880 views • 82 slides
Cost Minimization

Cost Minimization

20. Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm’s smallest possible total cost for producing y units of output. c(y) is the firm’s total cost function. Cost Minimization.

★ ★ ★ ★ ★

882 views • 82 slides
Chapter 21 Cost Minimization

Chapter 21 Cost Minimization

Chapter 21 Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm ’ s smallest possible total cost for producing y units of output. c(y) is the firm ’ s total cost function.

★ ★ ★ ★ ★

860 views • 77 slides
Cost Minimization

Cost Minimization

Cost Minimization. Cost Minimization. A firm is a cost-minimizer if it produces any given output level y ³ 0 at smallest possible total cost. c(y) denotes the firm’s smallest possible total cost for producing y units of output. c(y) is the firm’s total cost function. Cost Minimization.

★ ★ ★ ★ ★

1.06k views • 53 slides
The Firm’s Decision in Space

The Firm’s Decision in Space

The Firm’s Decision in Space. Production theory. A firm is characterized by it’s technology represented by the production function Y=f(x 1 , x 2 ) It is a price taker in the products and inputs markets and it faces prices p y w 1 and w 2 .

★ ★ ★ ★ ★

420 views • 34 slides
Shephard’s Duality Proof: Part I

Shephard’s Duality Proof: Part I

Shephard’s Duality Proof: Part I. Lecture XVI. Definition of the Distance Function. As a starting point of the discussion of the distance function, Shephard defines the space of possible inputs over the nonnegative domain D .

★ ★ ★ ★ ★

302 views • 20 slides
Intermediate Microeconomic Theory

Intermediate Microeconomic Theory

Intermediate Microeconomic Theory. Factor Demand/Firm Behavior. Firm Behavior. Given its technology, we now want to develop a model of firm behavior. What is our basic assumption about firm behavior?. Firm Behavior.

★ ★ ★ ★ ★

475 views • 20 slides
Techniques and Isoquants

Techniques and Isoquants

Techniques and Isoquants. © 1998 by Peter Berck. Definitions. Output Q; specific amount Q* Inputs x= (x 1 …x n ) If using inputs x results in output Q*, then x is a technique to make Q*.

★ ★ ★ ★ ★

345 views • 17 slides

View Input bundle PowerPoint (PPT) presentations online in SlideServe. SlideServe has a very huge collection of Input bundle PowerPoint presentations. You can view or download Input bundle presentations for your school assignment or business presentation. Browse for the presentations on every topic that you want.