The phrase "average production elasticity" is correct and usable in written English.
It can be used in economic or agricultural contexts to describe the responsiveness of production output to changes in input levels.
Example: "The study found that the average production elasticity of labor was significantly higher than that of capital."
Alternatives: "mean production responsiveness" or "typical production elasticity".
Traditional research of productivity used average production function (the elasticity of output with respect to factors is average) to measure productivity, but the production function ignored the influence due to technical inefficiency on production.
These findings demonstrate that price elasticity is considerably lower than production elasticity for both sectors, implying that price elasticity is not a major determinant of electricity demand fluctuations.
Table 3 Price and production elasticities of demand Industrial sector Commercial sector Price elasticity of demand Short run −0.034 −0.007 Long run −0.146 −0.023 Production elasticity of demand Short run 0.274 0.358 Long run 1.169 1.106.
The production elasticity relating to labour is equal to 0.07, which is much lower than the elasticities relating to nitrogen and diesel.
Furthermore, the price elasticity for the industrial and commercial sectors is considerably lower than the production elasticity of electricity demand in both the short and long run.
In these 37 industries, only the tobacco industry enjoyed the return to scale of 1.42 on average and the tap water enjoyed 1.033, just more than one, which illustrated the efficiency of larger enterprises was higher given the marginal efficiency of capital and labor (that is the production elasticity of factor input).
The results reveal that in both sectors, the price elasticity of demand is extremely low in the short and long run and production elasticity is greater than price elasticity.
Average production of an individual MFHW (m3/day).
By contrast, the short-run production elasticity is 0.274 for the industrial sector and 0.358 for the commercial sector.
The long-run production elasticity is 1.169 for the industrial sector and 1.106 for the commercial sector.
