# Questions tagged [leontief]

The tag has no usage guidance.

27 questions
Filter by
Sorted by
Tagged with
73 views

### Cost Minimization of $f(x) = min(x_1,x_2) + x_3$

The following production function is given, $f(X) = min\{x_1,x_2\} + x_3$ There is a solution here https://math.stackexchange.com/questions/605925/constrained-maximization-of-leontif-utility-function-...
70 views

### How to find the cost function for perfect complements [closed]

Imagine I got a production function like it : $$\min\{x_1, x_2\}$$ How can I find the cost function?
362 views

### What is the returns to scale of the production function q = min {K, L^(1/2)}?

I learned that when there is decreasing returns to scale, the average cost is always increasing. But the professor told us today that the other way around might not always be true. So if average cost ...
142 views

### General Equilibrium: Two Consumers with Perfect Substitutes and Perfect Complements Utility Functions

I am attempting to solve a general equilibrium in pure exchange economy problem where the first consumer has an endowment of $(3, 4)$ and a utility function of $U(x) = 3x + 5y$. The second consumer ...
89 views

### Walrasian demand with a twist of Leontief function

A consumer has the utility function $u(x_1; x_2) = \min(x_1; x_2) + 5 \max(x_1; x_2)$. Find its Walrasian demand $x^*(p; w)$. I've tried searching it up when we have two Leontief functions summed ...
242 views

### Leontief input output model with column sum greater than 1

In a linear algebra textbook I came across the following question (not included in the answer key): Consider an open economy with a consumption matrix \begin{equation} C = \begin{...