Given a cost equation C(x), explain why C"(x)< 0 is sufficient to ensure favorable economies of scale

Printable View

- Jun 27th 2008, 02:06 PMcofittssecond derivatives and economies of scale
Given a cost equation C(x), explain why C"(x)< 0 is sufficient to ensure favorable economies of scale

- Jun 28th 2008, 12:33 PMCaptainBlack