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1. Production se O Production function: fO=land[=n-1, then g=f(x) when T(9, -x)=0 means:f(x)={q≥q:(q,-x)∈Y} Isoquant Q(q)={(x)=q:(q,-x)∈Y Question, calculate the PS, RS, TE, PF Isoquant of Cobb-Douglas technology and Leontief technology lecture 1 for Chu Kechen Honors Collegelecture 1 for Chu Kechen Honors College 1.Production set • Production function: – If O = 1,and I = n - 1, then: – means: • Isoquant: • Question1: calculate the PS, RS, TF, PF, Isoquant of Cobb-Douglas technology and Leontief technology. q f T q = − = ( ) when ( , ) 0 x x f q q q ( ) ={ : ( , ) } x x Y  −  Q q f q q ( ) { ( ) : ( , ) } = = −  x x Y
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