Title

Returns to Scale and Economies of Scale: Further Observations

Abstract

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.

Department(s)

Economics

International Standard Serial Number (ISSN)

0022-0485

Document Type

Article - Journal

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 1996 Taylor & Francis, All rights reserved.

Publication Date

01 Jul 1996

Share

 
COinS