Producer Theory

Susheng Wang ()
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Susheng Wang: Hong Kong University of Science and Technology

Chapter Chapter 1 in Microeconomic Theory, 2018, pp 3-36 from Springer

Abstract: Abstract Suppose that a firm has n goods to serve as inputs and/or outputs. If the firm uses $$ y_{i}^{ - } $$ y i - units of good i as an input and produces $$ y_{i}^{ + } $$ y i + units of the good, where $$ y_{i}^{ - } $$ y i - , $$ y_{i}^{ + } \in {\mathbb{R}}_{ + } , $$ y i + ∈ R + , then $$ y_{i} \equiv y_{i}^{ + } - y_{i}^{ - } $$ y i ≡ y i + - y i - is the net outputNet output of good i.

Date: 2018
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DOI: 10.1007/978-981-13-0041-7_1

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