THE COST FUNCTION

Abstract

The report discusses the following: the production structure; definition of the cost function; geometric interpretation of the cost function; properties of the minimum total cost function; Cost function of a homothetic production structure; Cost structure; efficient price vectors of the cost structure; minimum output function; and cost structure of homothetic production structure.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1967
Accession Number
AD0648409

Entities

People

  • Ronald Shephard

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  • University of California, Berkeley

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