returns to scale การใช้

• New Trade theorists also challenge the assumption of diminishing returns to scale.
• The growth of the system is fostered by increasing returns to scale.
• Is diseconomies of scale similar to "'Decreasing return to scale " '?
• Is economies of scale similar to "'Increasing return to scale " '?
• If the coefficient is 1, then production is experiencing constant returns to scale.
• The coefficient of output elasticity can be used to estimate returns to scale.
• Note that returns to scale may change as the level of production changes.
• Increased industrial capacity from increasing returns to scale further socializes production.
• If the coefficient is less than 1, then production is experiencing decreasing returns to scale.
• The shape of the long-run marginal and average costs curves is determined by returns to scale.
• It can be reconciled with neoclassical economics by assuming that production follows constant returns to scale.
• Socialization occurs due to centralization of capital in industries where there are increasing returns to scale.
• Both incorporated and unincorporated sectors make two goods, using the same constant returns to scale Cobb-Douglas technology.
• Like in the agricultural sector, Fei and Ranis assume constant returns to scale in the industrial sector.
• Under constant returns to scale, doubling both capital and labor leads to a doubling of the output.
• However the latter method is generally only economically viable for large print runs offering returns to scale.
• In times of small and incremental technological change, increasing returns to scale tend to accentuate economic leadership.
• If the coefficient of output elasticity is greater than 1, then production is experiencing increasing returns to scale.
• The assumption of constant returns to scale CRS is useful because it exhibits a diminishing returns in a factor.