Economies of scale
economy of scale Technical: the efficiency gains when a firm increases the scale of its operation yields lower costs per unit For example, buying a bigger factory will cost you
The left-hand portion of the long-run average cost curve, where it is downward-sloping from output levels Q1 to Q2 to Q3, illustrates the case of economies of doflamingo In most perfectly competitive models, it is assumed that production takes place with constant returns to scale This means
economy of scale Technical: the efficiency gains when a firm increases the scale of its operation yields lower costs per unit For example, buying a bigger factory will cost you
queen of bounty The left-hand portion of the long-run average cost curve, where it is downward-sloping from output levels Q1 to Q2 to Q3, illustrates the case of economies of
In most perfectly competitive models, it is assumed that production takes place with constant returns to scale This means