Economics · Microeconomics
If the production function is strictly quasi-concave, then the corresponding cost function is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Linear in factor prices
- 2Concave in output
- 3Convex in factor prices✓
- 4Homogeneous of degree one in output
Correct answer
Convex in factor prices
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