B.12 Returns to scale (production in the long run) | Production - Microeconomics

Learn more: www.policonomics.com/returns-t...
Spanish version: • B.12 Rendimientos a es...
This video introduces the concept of returns to scale, which is needed in order to understand how production processes behave in the long run. Also, it shows what the elasticity of returns of scale is, and how to use it.
Related videos:
-Production function: • B.1 Production functio...
-Production in the short run: • B.11 Production in the...
Related articles:
-Long run production: www.policonomics.com/long-run-...
-Very long run production: www.policonomics.com/very-long...
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[@flipvidz8838]

shouldn't L be on X and Kapital be on Y..