Solutions to Financial Economics pp 35-38 | Cite as
6 Theory of the Firm
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Abstract
Suppose S = 1 and wealth in period one is produced from wealth in period zero by the production function \(\sqrt {\quad}\). Define the production technology set \(Y \subset \mathbb {R}^2\) and check whether the properties (i)–(v) given in Assumption 6.1 in the book are satisfied.
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