constant returns to scale
Definition
Production process with neither economies nor diseconomies of scale: the output of the process increases or decreases simultaneously and in step with increase or decrease in the inputs. A plant with a constant returns to scale is equally efficient in producing small batches as it is in producing large batches. See also declining returns to scale and economies of scale.
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constant returns to scale is in the Accounting & Auditing, Economics, Politics, & Society and Industries, Manufacturing, & Technology subjects.
constant returns to scale appears in the definition of the following term: declining returns to scale
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