Peter Fuleky
Department of Economics, University of Washington

September 2006

Decreasing returns to scale

Constant returns to scale

Increasing returns to scale with diminishing marginal product/utility

Increasing returns to scale with constant marginal product/utility

Increasing returns to scale with increasing marginal product/utility

Non-symmetric production/utility function with constant returns to scale

Non-symmetric production/utility function with increasing returns to scale

Profit maximization: production function with decreasing returns to scale

Profit maximization: production function with constant returns to scale

Utility maximization: utility function with decreasing returns to scale

Utility maximization: utility function with increasing returns to scale

Expenditure minimization: utility function with constant returns to scale

Literature and further reading:

The Structure of Economics, 3rd ed., Eugene Silberberg
MATLAB Documentation, MathWorks

Anatomy of CES Functions in 3D
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