A function relating the minimized total cost in a firm or industry to output and factor prices.
Related information about cost function:
- Mathematical optimization - Wikipedia, the free encyclopedia
The function f is called, variously, an objective function, cost function ( minimization), utility function (maximization), or, in certain fields, energy function, or energy ...
- Cost Function Defined - A Dictionary Definition of Cost Function
Definition: The cost function is a function of input prices and output quantity. Its value is the cost of making that output given those input prices. A common form: ...
- Finite Math 1.3 - Cost Function - YouTube
Jul 6, 2011 ... Finite Math 1.3 - Cost Function fixed cost cost per item how to remember.
- Microeconomics: Cost Functions
Feb 8, 2011 ... HDF310 · Be unit 6 · Estimation Of Production And Cost Function · 13 · 13 · Topic cost · Cost theory · Ch07 Pindyck · Production And Cost In The ...
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The cost function is defined for all possible output vectors and all positive ... The cost function does not exist it there is no technical way to produce the output in ...
- What is a linear cost function? - Ask Me Help Desk
Jun 9, 2009 ... Help me I don't know what is a cost function and how it is formulated? Can anyone tell me the basics of this function and method of formulating?
- For the given cost function c(x)=250(sqrtx)+(x^2/91125)? - Yahoo ...
For the given cost function c(x)=250(sqrtx)+(x^2/91125)? a)The cost at the production level 1500? b) The average cost at the production level ...
- Cost functions
Cost functions. André Nies. The University of Auckland. FRG workshop, Madison, May 2009. 0.1 What cost functions are good for. • Cost functions are a great ...