Cost.Bundle: Find cost F

Description Usage Arguments Value

Description

Find cost F

Usage

1
Cost.Bundle(n.1, n.2, c.1, c.2, alfa, beta, FC)

Arguments

n.1

- number of units of good 1

n.2

- number of units of good 2

c.1

good 1 parameter of production cost

c.2

good 1 parameter of production cost

alfa

parameter of scale economics alfa = 0 –> CRS, alfa < 0 –> IRS, alfa < 0 –> DRS

beta

parameter of sope economics beta = 0 –> neutral, beta > 0 complementary, beta < 0 substitution

FC

fixed Cost of production

teta

parameter of complementary and substitution of goods beta = 0 –> neutral, beta > 0 complementary, beta < 0 substitution

Value

The TC cost function:


tomvar/bundling documentation built on May 31, 2019, 6:20 p.m.