【正文】
or Chu Kechen Honors College forms of cost functions ? Envelope theorem: an objective function depend on some parameter. ? Then: see the prove. ( ) m a x ( , )xM a f x a?()( ) ( , )x x ad M a f x ad a a ????lecture3 for Chu Kechen Honors College forms of cost functions ? LAC and SAC: ? So See the fig. ( ) m in ( , )ffLA C q S A C q? x x()( , )()fffqS A C qd L A C qd q q ???? xxxlecture3 for Chu Kechen Honors College 4. Duality ? Given the technology, we can obtain the cost function, are the cost function contains the same information of the technology (production function)? ? If the answer is “yes”, then the cost minimization behavior will indicate the technology of the firm