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Definition of

cost function

Economics

ratio of total cost to quantity produced a mathematical function relating a firm's or an industry's total cost to its output and factor costs

Definitions of ’cost function’ and meaning of ’cost function’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cost function’ and other financial terms with our online QFINANCE Financial Dictionary.

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