中级微观经济学之第六讲：生产3.pptVIP

Chapter 6 Chapter 6 Production Topics to be Discussed The Technology of Production Production with One Variable Input (Labor) Isoquants Production with Two Variable Inputs Returns to Scale Introduction Our study of consumer behavior was broken down into 3 steps: Describing consumer preferences Consumers face budget constraints Consumers choose to maximize utility Production decisions of a firm are similar to consumer decisions Can also be broken down into three steps Production Decisions of a Firm Production Technology Describe how inputs can be transformed into outputs Inputs: land, labor,