1. Production set Production plan(production vector, or input-output vector): y=(y,y2, .,n) o Production set Y: all technological feasible yY={y∈界": y are technologically feasible o Restricted production set Y(=) Some of yi in y are restricted on z Short-run production set. lecture 1 for Chu Kechen Honors Collegelecture 1 for Chu Kechen Honors College 1. Production set • Production plan (production vector, or input-output vector): • Production set Y: all technological feasible y. • Restricted production set Y (z): – Some of yi in y are restricted on z . – Short-run production set. 1 2 ( , , , ) n y =  y y y { : are technologically feasible} n Y y y = 