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

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- Jun 27th 2008, 03:06 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, 01:33 PMCaptainBlack