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en:elasticity-of-production [2019/02/06 07:52]
federico [Elasticity of Production]
en:elasticity-of-production [2019/02/06 07:52] (current)
federico [Elasticity of Production]
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 - if the elasticity of production is 1, the production has **constant returns to scale**, at that point. ​ - if the elasticity of production is 1, the production has **constant returns to scale**, at that point. ​
  
-- if the elasticity of production is greater than one, the production has increasing returns to scale at that point. ​+- if the elasticity of production is greater than one, the production has **increasing returns to scale** at that point. ​
  
-- if the elasticity of production is less than one, the production has decreasing returns to scale at that point.+- if the elasticity of production is less than one, the production has **decreasing returns to scale** at that point.
  
  
en/elasticity-of-production.txt · Last modified: 2019/02/06 07:52 by federico