Abstract
The technique of production of a commodity y may be characterized as a function of the required inputs xi:If all inputs are multiplied by a positive scalar, t, and the consequent output represented as tsy, then the value of s may be said to indicate the magnitude of returns to scale.
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Eatwell, J. (2018). Returns to Scale. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1480
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1480
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