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Translog Cost Function

Translog Cost Function. E. Berndt and D. Wood, "Technology, Prices, and the Derived Demand for Energy," Review of Economics and Statistics , 57, 1975, pp 376-384 . Production and Cost Functions. Production function: Q = f( x ) Cost minimizing factor demands: x i = x i (Q, p )

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1.38k views • 7 slides

Transln Cost Fuction

Transln Cost Fuction. E. Berndt and D. Wood, "Technolny, Prices, and the Derived Demand for Energy," Review of Economics and Statistics , 57, 1975, pp 376-384 . Production and Cost Functions. Production function: Q = f( x ) Cost minimizing factor demands: x i = x i (Q, p )

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717 views • 7 slides

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Translog Cost Function

Transln Cost Fuction