The long-run multiproduct profit function is developed to provide a more general procedure than the static minimum cost function to examine the technological and cost determinants of multiproduct ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

This study develops a new use of data envelopment analysis for estimating a stochastic frontier cost function that is assumed to have two different error components ...

Marginal cost refers to the change in total cost arising from the production of one additional unit. For example, in a manufacturing firm, the marginal cost will give a measure of the change in total ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor ...