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.
Gelles, G. M., & Mitchell, D. W. (1996). Returns to Scale and Economies of Scale: Further Observations. Journal of Economic Education, 27(3), pp. 259-261. Taylor & Francis.
The definitive version is available at https://doi.org/10.1080/00220485.1996.10844915
International Standard Serial Number (ISSN)
Article - Journal
© 1996 Taylor & Francis, All rights reserved.
01 Jul 1996