Size and structure of return to scale in revenue function and cost function

Velikost a struktura efektu z rozsahu ve výnosové a nákladové funkci

František Střeleček, Jana Lososová and Radek Zdeněk
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František Střeleček: Katedra účetnictví a financí, Ekonomická fakulta, Jihočeská univerzita v Českých Budějovicích, Studentská 13, 370 05 České Budějovice, Česká republika
Jana Lososová: Katedra účetnictví a financí, Ekonomická fakulta, Jihočeská univerzita v Českých Budějovicích, Studentská 13, 370 05 České Budějovice, Česká republika
Radek Zdeněk: Katedra účetnictví a financí, Ekonomická fakulta, Jihočeská univerzita v Českých Budějovicích, Studentská 13, 370 05 České Budějovice, Česká republika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2010, vol. 58, issue 6, 491-502

Abstract: Common revenue function expressing the relation of the profit/loss to costs is composed analytically so that it is not instructive enough to analyse the return to scale based on a comparison of results in two different periods. This function is influenced by fixed cost and its production utilization, change of profit due to an extensive increase of output and variable cost's size and efficiency. Each stage of the revenue function has specified relation of the above mentioned cost items. According to their relation the economy in each stage of the revenue function is derived. It is possible to use these analyses to optimize output regarding the profit/loss as well as to assess the economy related to any change of the profit volume. Supported by the Ministry of Education, Youth and Sports of the Czech Republic (Project No. MSM 6007665806).

Keywords: return to scale; production utilization of fixed cost; revenue function; cost function (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2010058060491

DOI: 10.11118/actaun201058060491

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