Microeconomics is a production function that calculates the conditional factor demand function and t

Updated on technology 2024-03-13
8 answers
  1. Anonymous users2024-02-06

    The conditional factor demand function should be the relationship between the use of factors and its output when the enterprise maximizes profits under the condition of given output.

    The general approach is:

    Let the ** of l be pl and the ** of k be pk, and the production function.

    is q f(k,l).

    Find: minc l*pl+k*pk

    l)=q to find the solution k of the above constraint optimization problem, and l is the conditional demand function, and the cost function c l*pl+k*pk, where k and l are the solutions of the above optimization problem.

    This question produces a linear function.

    Optimize the problem to solve the boundary solution concretely:

    1) A B>PL PK Optimal Solution K=0L=Q A

    This function c=l*pl+k*pk=q a*pl

    2) A b function c=l*pl+k*pk=q b*pk

    The production function represents the various factors of production used in production over a certain period of time, with the same technology.

    quantity as a function of the maximum yield that can be produced. The production function can be represented by a mathematical model, chart, or graph. "Production" is a universal concept in economics, and "production" in the economic sense does not only mean the production of a machine tool or the weaving of a piece of cloth, but also includes a variety of other economic activities.

    "Production" is not limited to the production of material goods, but also includes various service activities such as finance, transportation, and household services.

    The conditional element demand function is the solution to the cost minimization planning problem, which represents the factor demand under the condition that there is a certain requirement for the output, which is the function of the factor **, the product ** and the output, indicating that in the case of ** fixed, the larger the q, the greater the required factor input.

    The factor demand function is generally obtained in solving the profit maximization planning problem, at this time there is no inequality constraint only the equality constraint of y=f(x) (in fact, there is still an inequality constraint, only to the advanced micro time is required to master), the demand function is only the function of the factor **, in fact, the economic meaning of the two is the same, because the output (that is, the supply function of the enterprise) is also the function of the factor ** and the product **, As long as the supply function is brought into the conditional factor demand function, the factor demand function can be obtained.

  2. Anonymous users2024-02-05

    Let the ** of l be pl, the ** of k be pk, and the production function be q f(k,l) to solve: minc l*pl+k*,l)=q to find the solution k of the above constraint optimization problem, and l is the conditional demand function, and the cost function c l*pl+k*pk, where k and l are the solutions to the above optimization problems. In this problem, the production function is a linear function and the solution of the optimization problem is the boundary solution.

  3. Anonymous users2024-02-04

    Know the factor demand function and the product supply function, and how to find the production function.

    Hello dear<>

    Knowing the factor demand function and the product supply function, how to find the production function is as follows: Root Xian vertical evidence, find the factor demand curve: the known production function is f(x1,x2)=the demand function of factor 1 is mp1== 1 The demand function of factor 2 is mp2== 2, and then find the output supply function:

    The production function is y=f(x1,x2)= the profit of the enterprise is =,x2)- 1x1- 2x2 when the profit is maximized, there is a substitution formula, and the total cost function is solved so that the total cost function is c= 1x1+ 2x2, substituting x1, x2, the output supply curve is the part of the marginal cost curve above the variable cost curve, and the output supply function is p=mc The marginal cost function is obtained from the total cost function, so the output supply function is Involved knowledge points: the decision of the factor of production ** If my answer is helpful to you, Please also give a big thumbs up to my brother, looking forward to your praise, your efforts are very important to me, and your support is also the driving force for my progress. Finally, I wish you good health and a happy <>

  4. Anonymous users2024-02-03

    According to the microeconomic point of view, the most important factor that determines the demand function is (to make the purity of spring liquid).

    a.Consumer behavior.

    b.Number of consumers.

    c.Supplier behavior.

    d.The number of suppliers is what quantity.

    Correct Answer: a

  5. Anonymous users2024-02-02

    Hello, first of all, this is the amount of the Cobb-Douglas type utility function in which the problem should be like this x represents 1, y....2...

    I'll give you a formula to derive u=(x)y)=1

    To satisfy consumers, it is necessary to use the maximum has.

    1)mux/muy=px/py

    2)px·x+py·y=m

    mux=au/ax=αx^(α1)y

    muy=au ay=(x)y( 1)]

    x=αm/px

    y=βm/py

    Here =3 8 =5 8

    Hope it helps.

  6. Anonymous users2024-02-01

    The four-element theory includes:

    Labor, capital, land, and entrepreneurial talent.

    The factors of production usually include land, labor, capital, technology, economic information and economic management.

    Land includes not only itself, but also mineral deposits underground and natural resources above ground;

    The labor force includes both manual and intellectual workers;

    Capital includes capital goods (machinery and equipment, plant buildings, raw materials, etc.) and financial assets (**, bonds, borrowings, etc.);

    Technology includes tangible forms such as words, data, and formulas, as well as intangible forms such as actual production experience and personal expertise;

    Economic information elements refer to news, intelligence, data and knowledge directly related to the production, sales and consumption of products;

    The elements of economic management are also known as the elements of production organization or the elements of entrepreneurial ability.

  7. Anonymous users2024-01-31

    The premise of the topic should be a short-term analysis, so you can ignore **p, and the nominal amount of money should also be the amount of real money.

    In this case (three departments, it should be not considered import and export), y=c+i+g=200+

    So y= (Personally, I think that if you just ask about the aggregate demand function, there should be no need for either the money demand function and the nominal money supply. Or then there is the question of balancing national income or equilibrium interest. )

    The concept and meaning understanding of Chinese may not be particularly clear, for reference only, if there is any inaccuracy, please understand...

    By the way, it can help you solve the equilibrium national income and interest rate.

    y r (The value of the result is very much like a practice problem.,It should be right?。。。

  8. Anonymous users2024-01-30

    You're wrong. Yes, the consumption function is c=200+.

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