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On indices of marginal and total production cost |
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| Authors: | S. R. Chakravarty N. Chattopadhyay |
| Affiliation: | 1. Economic Research Unit, Indian Statistical Institute, Calcutta, India 2. R K Mission Vidyamandira, Belur Math, Howrah, India |
| Abstract: | In this paper we suggest cost indices that measure absolute changes in total and marginal production costs between two periods when factor prices change. The class of cost functions that generate equal total and marginal cost indices is characterized. A numerical illustration of the indices is provided using Indian cotton textile industry data. |
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