| 1. | By assumption of constant returns, output Y is also growing at that rate.
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| 2. | If the coefficient is 1, then production is experiencing constant returns to scale.
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| 3. | In contrast, a constant returns model with national product differentiation predicts reverse HMEs.
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| 4. | However, neither decreasing returns nor constant returns reflect economic reality.
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| 5. | Parlux supposedly lost money on the venture and have had constant returns of unsold inventory.
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| 6. | It can be reconciled with neoclassical economics by assuming that production follows constant returns to scale.
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| 7. | Again, the calculation assumes a constant return for the six stocks, a development that surely didn't happen.
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| 8. | Both incorporated and unincorporated sectors make two goods, using the same constant returns to scale Cobb-Douglas technology.
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| 9. | Under constant returns to scale, doubling both capital and labor leads to a doubling of the output.
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| 10. | Like in the agricultural sector, Fei and Ranis assume constant returns to scale in the industrial sector.
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