Regions of the Production Function, Returns, and Economies of Scale: Further Considerations.

Truett, Lila J.; Truett, Dale B.

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Peer reviewed

ERIC Number: EJ426419

Record Type: Journal

Publication Date: 1990

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0022-0485

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Regions of the Production Function, Returns, and Economies of Scale: Further Considerations.

Truett, Lila J.; Truett, Dale B.

Journal of Economic Education, v21 n4 p411-19 Fall 1990

Argues that the return-to-scale concept is important in explaining to more advanced students how production structures underlie costs. Reviews Christopher Ross Bell's graphical analysis, contending that its argument suggests a variable-returns-to-scale function rather than one exhibiting decreasing returns to scale. Explores classic views and the pedagogical usefulness of these concepts. (NL)

Descriptors: Concept Teaching, Cost Effectiveness, Cost Estimates, Critical Thinking, Economic Factors, Economics Education, Efficiency, Higher Education, Input Output Analysis, Instructional Improvement, Productivity, Teaching Methods

Publication Type: Journal Articles; Guides - Classroom - Teacher

Education Level: N/A

Audience: Teachers; Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A

Author Affiliations: N/A