北大微观经济学课件(英文版)Ch18Tenology.pptVIP

中级微观经济学 Chapter Eighteen Technology Technologies A technology is a process by which inputs are converted to an output. E.g. labor, a computer, a projector, electricity, and software are being combined to produce this lecture. Technologies Usually several technologies will produce the same product -- a blackboard and chalk can be used instead of a computer and a projector. Which technology is “best”? How do we compare technologies? Input Bundles xi denotes the amount used of input i; i.e. the level of input i. An input bundle is a vector of the input levels; (x1, x2, … , xn). E.g. (x1, x2,