6 Theory of the Firm

Thorsten Hens and Marc Oliver Rieger
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Thorsten Hens: University of Zurich
Marc Oliver Rieger: University of Trier

A chapter in Solutions to Financial Economics, 2019, pp 181-189 from Springer

Abstract: Abstract f = ( y 0 , y 1 ) ∣ y 1 ≤ − y 0 , y 0 ≤ 0 $$f = \left \{(y_0, y_1) \mid y_1 \leq \sqrt {-y_0}, \; y_0 \leq 0 \right \}$$ (i) f is closed: defined by ≤ 0 (ii) f convex: since is concave (iii) y 0 0 (iv) y 0 = 0 ⇒ y 1 = 0 (v) max production is w 0 $$\sqrt {w_0}$$

Date: 2019
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DOI: 10.1007/978-3-662-59889-4_14

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