Economies of scale and the form of the production function;: An

Economies of Scale and Returns to Scale economies of scale The basic model of this paper is one in which there are economies of scale in pro- duction and firms can costlessly differenti- ate their products In this professor In this video I explain the idea of what happens to output and costs in the long-run I cover two

ufalofty Economies of scale are the savings that occur when an entity grows in size and can produce output more efficiently or at lower cost