哈佛大学MILLER教授为MWG写的高微笔记 (5).pdfVIP

Chapter 5 Producer Theory Markets have two sides: consumers and producers. Up until now we have been studying the consumer side of the market. We now begin our study of the producer side of the market. The basic unit of activity on the production side of the market is the firm. The task of the firm is take commodities and turn them into other commodities. The objective of the firm (in the neoclassical model) is to maximize profits. That is, the firm chooses the production plan from among all feasible pla