Increasing returns to scale refers to the feature of many production processes in which productivity per unit of labor rises as the scale of production rises. ... <看更多>
Search
Search
Increasing returns to scale refers to the feature of many production processes in which productivity per unit of labor rises as the scale of production rises. ... <看更多>
Constant returns to scale mean that: F(aK,aL)=aF(K,L). or in plain English if you increase the number of inputs (here capital K and labor L) ... ... <看更多>