output effect (2024)

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The effect of a rise in output on the use of any particular input, holding input prices constant. Where the most economical proportion in which to combine inputs varies with the level of output, a rise in output causes use of some inputs to increase proportionally more than others.

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Pricing – Definition, Explanation, Factors influencing Pricing and FAQs

Reference entries
output effect

in A Dictionary of Economics(3)Length: 51 words

See Also
Income Effect vs. Price Effect: What’s the Difference?Price effect calculation in BIOutput Vs Outcome: Why The Outcome Is More Important Than Output9.3 Single Monopoly Price and Output – Principles of Microeconomics
output effect (2024)
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