Abstract
This chapter covers …
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the importance of cost functions and their role in managerial decision making.
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the relationship between a firm’s production technology and its cost function.
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different types of costs and their relevance.
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Reference
Simon, H. A. (1957). Models of man: Social and rational. New York: John Wiley.
Further Reading
Allen, W. B. (2009). Managerial economics theory, applications, and cases. Norton.
Ferguson, C. E. (1969). The neoclassical theory of production and distribution. Cambridge University Press.
Pindyck, R., & Rubinfeld, D. (2001). Microeconomics. Prentice-Hall.
Png, I., & Lehman, D. (2007). Managerial economics. Wiley.
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Kolmar, M. (2022). Costs. In: Principles of Microeconomics. Classroom Companion: Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-78167-5_12
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DOI: https://doi.org/10.1007/978-3-030-78167-5_12
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Publisher Name: Springer, Cham
Print ISBN: 978-3-030-78166-8
Online ISBN: 978-3-030-78167-5
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