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  2. Assume that the total cost function of a firm () with no fixed cost i.e intercept is zero and diseconomies of scale is approximated by the quadratic function , where is the number of units produced and is an error term.

Assume that the total cost function of a firm () with no fixed cost i.e intercept is zero and diseconomies of scale is approximated by the quadratic function , where is the number of units produced and is an error term.

Posted by:David Posted on:Jan 25,2022
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OLS equation Assume that the total cost function of a firm () with no fixed cost i.e intercept is zero and diseconomies of scale is approximated
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