Cost functions are derived functions. They are derived from the production function, which describes the available efficient methods of production at any one time.
CITATION STYLE
Koutsoyiannis, A. (1975). Theory of Costs. In Modern Microeconomics (pp. 105–150). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-15603-0_4
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