The Firm Production(伦敦经济学院高级微观讲义).pdf

How to use these slides You will get much more out of the course if you can run the PowerPoint slideshows that have been provided for you. Please take the time to follow through the guidance below. • All of the slideshows work the same way. • Take the mouse to the lower left corner of the screen • There are five icons there: check what they do • Select the “Slide Show” icon to run the show used in the lecture – advance the show with a left click or “Enter” – right-click to navigate – exit the show using “Esc” MicroEconomics 2001/2 The Firm: Production Overview... The Firm The FirmThe Firm OptimisationOptimisation ComparativeComparative and theand the Production StaticsStatics MarketMarket The basics of production... Technical efficiency In this lecture Technical efficiency ...and (for next Returns to scale We do it within Returns to scale But first we Convexity we set out some Convexity time) assuming the context of a Substitutability need the Substitutability Marginal products of the elements Marginal products a competitive single-output building blocks needed for an environment. firm... of a model... analysis of the firm The basics of production... z i amount of input i z := (z 1 ,z2 ,...