(redirected from Weak Axiom of Cost Minimization)
WACMWorkshop in Algorithmic Computer Music
WACMWeak Axiom of Cost Minimization (economics)
WACMWorld Against Child Molesters
WACMWestern Athletic Club Masters (swim team; Redwood City, CA)
WACMWest African Crystalline Maculopathy (ophthalmology)
WACMWomen's Army Corps Member
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References in periodicals archive ?
Following the Weak Axiom of Cost Minimization (WACM) developed by Varian |1990~, an efficiency index is calculated to determine the percentage difference between the observed cost of production and the optimum cost of production for each individual private and public water utility in the sample.