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高級微觀經(jīng)濟(jì)學(xué)costminimization(參考版)

2024-09-02 09:06本頁面
  

【正文】 Advanced Microeconomics (LECTURE 3:production theory III) Ye Jianliang lecture3 for Chu Kechen Honors College Cost Minimization ? Content: ? Definitions ? Properties of cost function ? WACM ? Some forms of cost functions lecture3 for Chu Kechen Honors College ? One production, cost function is ? The optimal solution x(w,q), is the conditional factor demand function. ? Question1:calculate the conditional factor demand function of CD tech. and CES tech. 0( , ) m in . . ( )xcqs t f x q????w w xlecture3 for Chu Kechen Honors College ? Recall the cost minimization condition, let x0, then set Lagrangian: ? We got: see the fig. ? What is? ( , ) ( ( ) )fq??? ? ?x w x xL()f? ?? ??wx?lecture3 for
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