Description Usage Arguments Value
Find cost F
1 | Cost.Bundle(n.1, n.2, c.1, c.2, alfa, beta, FC)
|
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 |
The TC cost function:
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