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Results tagged with cost-functions
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user 4251
2
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Creating non-linear cost functions
When you say non-linear cost function, I assume you aren't referring to the firm's production having non-linear costs, but judging by your example, you rather mean the firm's output prices having weir …
- 6,678
2
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Does the minimum of short-run average cost equal the minimum of long-run average cost in the...
So to understand why the long run average cost curve and short run average cost curve have the same minimum in perfect competition, as well as some of the other stuff you ask, you have to understand …
- 6,678