Returns to Scale and Economies of Scale: Further Observations
Despite discussions about the relationship between returns to scale and economies of scale under assumptions of constant and nonconstant input prices, mistakes continue to be made in textbooks on these issues. This article demonstrates the pointwise relation between returns to scale and economies of scale, with an adaption to a calculus-based intermediate microeconomics class.
Year of publication: |
1996
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Authors: | Gelles, Gregory M. ; Mitchell, Douglas W. |
Published in: |
The Journal of Economic Education. - Taylor & Francis Journals, ISSN 0022-0485. - Vol. 27.1996, 3, p. 259-261
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Publisher: |
Taylor & Francis Journals |
Saved in:
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