第二题有点乱,我重新编辑了一下,请看:
2.Look at an economy with 2 goods, x and y, and 1 production factor, z. Two types of people
are in the economy. Both have the utility function U (xi , yi )=min ( xi , yi ) , where xi and yi are the consumption of customer i= α , β of x and y. Each customer α has a company that produces good x and uses z as production factor. The profit function is Pα=(px)^2/4pz
. Each β produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good x and uses z as production factor. The profit function is Pα=(px)^2/4pz
. Each β produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
yi are the consumption of customer i= α , β of x and y. Each customer α has a company that produces good x and uses z as production factor. The profit function is Pα=(px)^2/4pz
. Each β produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good x and uses z as production factor. The profit function is Pα=(px)^2/4pz
. Each β produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices
produces good y and uses z as production factor. The profit function is Pβ=(py)^2/pz
We start
with no x and y but each r α and β owns 10 z. All producers and customers are price takers.
(i) Find the supply functions and demand for the production factor for α and β.
(ii) Find equilibrium prices