What Is a Short Run Cost Function?

The short-term cost function refers to a mathematical function that reflects the relationship between output and cost under the condition that the input amount of at least one of the various input factors of the enterprise is fixed.

Short-term cost function

Right!
The short-term cost function refers to a mathematical function that reflects the relationship between output and cost under the condition that the input amount of at least one of the various input factors of the enterprise is fixed.
Short-term cost function

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?

RELATED ARTICLES