returns to scale

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returns to scale

the relationship between OUTPUT of a product and the quantities of FACTOR INPUTS used to produce it in the LONG RUN. Where, for example, doubling the quantity of factor inputs used results in a doubling of output then constant returns to scale’ are experienced. Where ECONOMIES OF SCALE are present, a doubling of factor inputs results in a more than proportionate increase in output. By contrast, where DISECONOMIES OF SCALE are encountered, a doubling of factor inputs results in a less than proportionate increase in output.
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The proposition becomes scarier when it has the advantage of size, resources, and a well-oiled media campaign that gives it a presence that consistently makes life miserable.
"We need to find a formula so that the advantage of size can be more or less addressed in the structure of the region," he added.
Helped by the inherent advantage of size and government support, tech companies and scientists in China have been making major inroads.
"We are seeing increasing herd sizes for many existing organic dairies looking to take advantage of size efficiencies and price premiums."
Fund research through CoSLA and the Scottish Cities Alliance on the viability of new collection authorities able to take advantage of size and scale.
Extend the discussion with local authorities on how their duties are currently defined as Waste Disposal and Collection Authorities and fund research through CoSLA and the Scottish Cities Alliance on the viability of new collection authorities able to take advantage of size and scale, and better able to meet the resource needs of city-regions.
To be globally competitive, according to the SM group's Teresity Sy-Coson, firms need the advantage of size and ample financial resources to gain market share
"Supercritical microfluidics combines the advantage of size reduction with the unique properties of supercritical fluids, opening new chemical possibilities, supercritical water and carbon dioxide." It also enables synthesis of high-quality nanocrystals; controlled, low-temperature reactions between explosive reactants; and investigation of exothermic reactions and novel chemistry applications.
Bigger companies will have the advantage of size, clout, technology and investment.
Conventional insurers also have the advantage of size over Takaful players in the market.
And they have the advantage of size, experience and the Millennium factor.
"Other-wise it's going to be an uphill battle as the competition has the advantage of size and scope.