If the production function of a competitive firm is homothetic, then the cost function is separable, that

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If the production function of a competitive firm is homothetic, then the cost function is separable, that is,
C(w,y) = ∅(y)c(w,1)

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:43 AM

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If the production function of a competitive firm is homothetic, then the cost function is separable, that

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Foundations of Mathematical Economics

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