Bus Transit Cost, Productivity and Factor Substitution
Kofi Obeng
Abstract
Kofi Obeng
Abstract
In the long run all bus systems are found to have diseconomies of scale. Management should try to reduce costs, especially by improving the productivity of fuel.
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In the long run all bus systems are found to have diseconomies of scale. Management should try to reduce costs, especially by improving the productivity of fuel.
Key concepts: Diseconomies of scale, Productivity, Economies of scale, Economics, Function (biology), Transport engineering, Urban transit, Econometrics