生产成本2经济学.pdf

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2020-12-20 发布于广东
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生产成本2经济学.pdf

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Part ⅤFirm behavior and the organization of industry 1. The Costs of Production 生产成本(2) Production Nature resource Capital Input Production Labor Firms Q Technological knowledge Q = f (x 1 ，x2 ，x3 ，…., xn ) The production function shows the relationship between quantity of inputs used to make a good and the quantity of output of that good. short run and long run The short run is the period of time in which only some inputs, the variable inputs, can be adjusted. In the short run, fixed factors, such as plant and equipment, cannot be fully modified or adjusted. The long run is the period in which all factors employed by the firm, including capital, can be changed. Production function in short-term Q = f （Fixed factor， Variable factor ） Fixed factor Input Production Factor Firm Q Variable factor Story of a Toy Factory Assumption: wage(1day): $30 for one labor Price of Teddy bear: $1 for one 1 labor can produce 50 teddy bears 2 labors can produce 100 teddy bears 5 labors can produce 250 teddy bears …… - - 图片来源： google 图片