Theory of Costs

A. Koutsoyiannis
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A. Koutsoyiannis: University of Waterloo

Chapter 4 in Modern Microeconomics, 1975, pp 105-150 from Palgrave Macmillan

Abstract: Abstract Cost functions are derived functions. They are derived from the production function, which describes the available efficient methods of production at any one time.

Keywords: Large Firm; Factor Price; Cost Curve; Traditional Theory; Reserve Capacity (search for similar items in EconPapers)
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15603-0_4

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DOI: 10.1007/978-1-349-15603-0_4

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