2 Answered Questions for the topic producer theory
Producer Theory Microeconomics
Are There Giffen Inputs?
I am studying for my candidacy exams and I came across this question on a previous exam. The question is in the TFD (True, False, Debatable) section of the exam. The claim is: "There are no Giffen... more
Which utility function yields a constant price elasticity of demand function?
How do I know which utility function I can use to find an isoelastic demand function. And similarly, which cost function can I use to find an isoelastic supply function?Does it work through trial... more