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Output elasticity

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This is an old revision of this page, as edited by Casella (talk | contribs) at 04:13, 27 November 2006 (I expanded the definition). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

In economics, output elasticity is the percentage change of output (GDP or revenue for a single firm) divided by the percentage change of an input.

it is calculated as marginal product of an input to its average product. it is a local measure, defined at a point


See also

elasticity (economics)

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