Differences between the concepts of returns to size and returns to scale are systematically reexamined in this paper. Specifically, the relationship between returns to scale and size are examined through the use of the envelope theorem. A major conclusion of the paper is that the level of abstraction in applying a cost function derived from a homothetic technology within a relevant range of the...

neuroeconomics that has merged from the interaction of neuroscience, economics and psychology, is. promising new approach to understanding human behavior in economic analysis, especially as an selector (that is the fundamental issue is economics). this article illustrate the advantages of neuroeconomics and with focus on methodology of economics and ability of this branch of economic for theori...

Economics depends on the economic scale of planning. Economists study the characteristics of the production function, while community operating management focuses on demand realization, so that loss of sales or inventory prevents cost reductions and maximizes profits. However, companies with a lack of capacity need to achieve economies of scale and demand to realize them simultaneously, especia...

This research covered three villages in Kura local Government Area of Kano State. The study described the socio-economic characteristics of maize producers and their production techniques and also determined the profitability and resource use efficiency in the maize production. Structured questionnaires were used for primary data collection and 40 small scale producers were purposively selected...

this paper examines critically the contributions of cournot, jevons and walras as the founders of classical mathematical economics from a methodological standpoint. advances in different economic schools and doctrines in the 19th century produced an environment of multi-dimensionality in economic analysis which was regarded by the pioneers of classical mathematical economists as a chaotic state...

data envelopment analysis (dea) is a non-parametric approach for performance analysis of decision making units (dmus) which uses a set of inputs to produce a set of outputs without the need to consider internal operations of each unit. in recent years, there have been various studies dealt with two-stage production systems, i.e. systems which consume some inputs in their first stage to produce ...

Abstract With technology being a part of our everyday lives, there has never been more critical time to dive deeper and understand what drives us choose specific products. The effectiveness with which companies use behavioral economics principles, such as choice architecture, in product development can drive better outcomes both for the organisation customer. become increasingly popular in. rec...

Sustainability is a global issue concerning future generations, but steps towards sustainable development must also be taken at the spatial scales of regions and at the temporal scales of individual lives. Different scales matter in social networks and in cultural realities, too. The fact that relatively small regions can dominate global markets for products based on continuous innovation point...