Both the law of diminishing marginal returns and returns to scale measure output as a result of changes in input.

This paper analyzes the effects of returns to scale, farm-size, technical, allocative and scale inefficiencies on the profitability of Utah dairy farms. It derives the conditions necessary to compare ...

Econometrica publishes original articles in all branches of economics - theoretical and empirical, abstract and applied, providing wide-ranging coverage across the subject area. It promotes studies ...