Learn Before
Firm's Choice of Production Technology
Increasing Returns to Scale
Increasing returns to scale occur in a production process when increasing all inputs by a certain proportion results in output increasing by a larger proportion. This is a technological property of production and is a primary source of economies of scale, but the two concepts are not synonymous, as economies of scale can also arise from other factors like spreading fixed costs.
0
1
Tags
Social Science
Empirical Science
Science
Economy
CORE Econ
The Economy 1.0 @ CORE Econ
Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ
Economics
Introduction to Microeconomics Course
Related
Firm's Decision on Input Quantity
Choosing Production Technologies
Modeling Technologies with Fixed Proportions and Constant Returns to Scale
Increasing Returns to Scale
Decreasing Returns to Scale
Constant Returns to Scale
Learn After
Economies of Scale vs. Increasing Returns to Scale