Question

Difference between returns to scale and economies of scale

Answer 1

Answer:

The difference between economies of scale and returns to scale is that economies of scale show the effect of an increased output level on unit costs, while return to scale focus only on the relation between input and output quantities.

Answer 2

Answer:

Difference between returns to scale and economies of scale

The difference between economies of scale and returns to scale is that economies of scale show the effect of an increased output level on unit costs,

while return to scale focus only on the relation between input and output quantities.

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