Cost Function definitions

Cost function

A function relating the minimized total cost in a firm or industry to output and factor prices.
Found on http://www-personal.umich.edu/~alandear/glossary/c.html

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cost function

is a function of input prices and output quantity. Its value is the cost of making that output given those input prices. A common form: c(w₁, w₂, y) is the cost of making output quantity y using inputs that cost w₁ and w₂ per unit. Source: Varian, 1992 Conte...
Found on http://www.econterms.com/glossary.cgi?query=cost+function

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Cost Function

A cost function is a mathematical formula used to used to chart how production expenses will change at different output levels. In other words, it estimates the total cost of production given a specific quantity produced.
Found on https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction

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