张元鹏微观课件课件chapter_4a_z.docxVIP

Chapter FourProducer Behavior Theory（1）生产者行为理论学院 张元鹏 Chapter Four Producer Behavior Theory（1） 生产者行为理论 学院 张元鹏 Chapter Four includes:学院 张元鹏4.1 Introduction4.2 Chapter Four includes: 学院 张元鹏 4.1 Introduction 4.2 Production Function 4.3 Cost Theory Readings about this PartZhang（2007）: Readings about this Part Zhang（2007）: Chapter 5 Nicholson: Chapter 11, P267-294 学院 张元鹏 Chapter Four includes:学院 张元鹏4.1 Introduction4.2 Chapter Four includes: 学院 张元鹏 4.1 Introduction 4.2 Production Function 4.3 Cost Theory 学院 张元鹏 学院 张元鹏 Symmetry Between Consumer and Firm Theory（消费者理论和生产者理论的对称关系）Use similar tools from consumer theory to analyse the firm. In general:Subject to Symmetry Between Consumer and Firm Theory （消费者理论和生产者理论的对称关系） Use similar tools from consumer theory to analyse the firm. In general: Subject to Subject to Parallel co 学院 张元鹏 “Demand functions” for inputs “Demand functions” for goods Technology (output) constraint(s) Budget constraint(s) Max (Min) profits (cost) izing utility Firm Consumer 学院 张元鹏4.2.1 inition of Product Function4.2.2 学院 张元鹏 4.2.1 inition of Product Function 4.2.2 The Short-Run Production Function 4.2.3 The Long-Run Production Function 4.2.4 Optimal Inputs in the Long Run 4.2.5 Elasticties of Production 4.2 Production Function Production Technology(生产技术): IntroductionProduction TechnologyProcess by which inputs are converted Production Technology(生产技术): Introduction Production Technology Process by which inputs are converted to outputs Inputs also called “factors of production”(生产要素) Input（1）: Labor (L) (skilled, unskilled) Input（2）: Physical capital (K)（有形资本） (equipment, structures, inventories（存货）, land), intangibles(无形资本)) Main issue: Which technology is best? 学院 张元鹏 Production Process（生产过程）Inputs:Labour, CapitalOutputs:Goods and Services学院 张元鹏Production: The Firm Production Process（生产过程） Inputs: Labour, Capital Outputs: Goods and Services 学院 张元鹏 Production: The Firm inition of Production Functionxi - the amount used inition of Production Function xi