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.
References in periodicals archive ?
Smaller plants, which would become available by the 2020s, lack the economy of size that propelled the development and construction of the large plants, said Nichol.
Plastic panels, on the other hand, are recyclable, and when produced at Logical's offices, also offer the economy of size, Ghattaura claims.
Through their economy of size and gesture, Herzog and Kung find something outsize and emotionally powerful.
Launched in the summer of 2012 it instantly attracted a strong following with its economy of size, fuel consumption and running costs matched with its big practicality, reasonable performance and refinement.
The reorganisation of police force areas and amalgamations has little to do with economy of size and everything to do with EU regionalisation.
There's a certain economy of size,'' said Andrew Mardesich, director of the Harbor Study Foundation.
Now, because you can't let strawberry flavor taste like cheese or beef flavor taste like strawberry, convenient cleaning becomes more of an issue than the economy of size.