Ch19-Profit-Maximization-中级微观经济学.pptVIP

Comparative Statics of Short-Run Profit-Maximization x1 y Comparative Statics of Short-Run Profit-Maximization x1 y Comparative Statics of Short-Run Profit-Maximization An increase in w1, the price of the firm’s variable input, causes a decrease in the firm’s output level (the firm’s supply curve shifts inward), and a decrease in the level of the firm’s variable input (the firm’s demand curve for its variable input slopes downward). Comparative Statics of Short-Run Profit-Maximization The Cobb-Douglas example: When then the firm’s short-rundemand for its variable input