229
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − +
no edit summary
Returns to scale are the increase in percent output due to an increase in all the inputs. If output has a percent increase greater than inputs, then there is [[increasing returns to scale]]; if output has a percent increase less than the percent increase by inputs, then there is [[decreasing returns to scale]].
'''Returns to scale''' are the increase in percent output due to an increase in all the inputs. If output has a percent increase greater than inputs, then there is [[increasing returns to scale]]; if output has a percent increase less than the percent increase by inputs, then there is [[decreasing returns to scale]].
[[Category:Economics]]
[[Category:Economics]]