International Journal of Education, Learning and Development (IJELD)

EA Journals

multi-product

Assessing University of Education, Winneba Production Economies of Scale and Scope: A Further Decomposition (Published)

The study, paper empirically estimates University of Education, Winneba (UEW) multi-product costs using the flexible quadratic cost function. Statistical results suggest that there are both economies of scale and scope in UEW multi-production. Furthermore, there exist product-specific diseconomies of scope for Fulltime output suggesting that it is more costly or cost disadvantage for UEW producing that output in isolation from other outputs. There exist product-specific economies of scope for Distance and Sandwich outputs respectively suggesting cheaper joint production of each output.

Keywords: cost function, economies of scale, economies of scope, multi-product

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