生产者理论1.ppt

* * * * * * * * Pick a technically efficient input vector Keep all but one input constant  Q= G(z) Measure change in output w.r.t. this input ?G(z) ?zi ____ MPi = Gi(z) = Marginal products z1 Q G(z) z1 Q G(z) z1 Q G(z) possible relationships between output and one input z1 Q G(z) Lets take the conventional case… feasible set G(z) Q z 1 input 1 is essential Set of technically efficient points Take the relationship between output and input 1... If z1=0 then Q=0 z 1 Q G(z) G1 falls with z1 if G is concave Marginal product slope = G1(z) Technical efficiency Thats for next time...