Profitability Mechanization and Economies of Scale is popular PDF and ePub book, written by Dudley Jackson in 2018-10-03, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Profitability Mechanization and Economies of Scale can be Read Online from any device for your convenience.
Profitability Mechanization and Economies of Scale Book PDF Summary
First published in 1998, this book introduces a new concept of profitability, called the 'efficiency rate of profit', which is defined as the ratio between the unit net margin and the unit capital requirement and shows how the efficiency rate of profit may be used in the assessment of mechanization and economies of scale. The book also shows how the efficiency rate of profit relates to the financial opportunity cost of investment, thus resolving the long-standing controversy over 'interest as a cost'. Using real-world plant-level data, the book explains fully the process of mechanization, how increasing returns to scale works at the plant level through power rule relating plant or equipment cost to capacity and how and why it is more cost effective to combine mechanization with expanding the scale of production in one combined 'package' of efficiency improvement.
Detail Book of Profitability Mechanization and Economies of Scale PDF
- Author : Dudley Jackson
- Release : 03 October 2018
- Publisher : Routledge
- ISBN : 9780429821332
- Genre : Business & Economics
- Total Page : 322 pages
- Language : English
- PDF File Size : 7,8 Mb
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