New answers tagged cost-functions
2
If your cost function is also homogeneous of degree $k$ (which is often assumed to model different types of returns to scale, whether constant, increasing, or decreasing), then by Euler's Homogeneous Function Theorem,
$$ x c'(x) = k c(x).$$
That is, $x c'(x)$ is your cost itself, up to some scaling factor $k$ (for example, if $c(x) = ax$ so that $c(x)$ is ...
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