Returns to scale and input elasticities are estimated from cost functions based on standard and generalized Cobb‐Douglas production functions. Returns to scale increased up to 161 thousand tons and decreased thereafter. Elasticities were. 340 for labor, .285 for land, .351 for fertilizer, .113 for pesticides, and —.089 for machinery and equipment.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.