On the concepts of returns to scale |
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Institution: | 1. Faculty of Management and Economics, Department of Agricultural Economics, University of Sistan and Baluchestan Zahedan, Iran;2. Department of Agricultural Economics, Ferdowsi University of Mashhad, Azadi Square, Mashhad, Iran |
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Abstract: | We clarify various concepts of returns to scale scattered in the literature by presenting their six different concepts. We find the global relationship among them and apply some of the results to determine the shape of the average cost curves. |
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