Economies of scale, Microeconomics

Economies of Scale

The reduction in the cost of each additional unit produced as all factors of production increase. Factors contributing to economies of scale include discounts on bulk purchases of raw materials, the ability to use fixed assets to full capacity, the skills to use particular labor to its fullest capability, and the skills to use management to govern the largest number of people as efficiently as possible.

Posted Date: 10/16/2012 6:00:55 AM | Location : United States







Related Discussions:- Economies of scale, Assignment Help, Ask Question on Economies of scale, Get Answer, Expert's Help, Economies of scale Discussions

Write discussion on Economies of scale
Your posts are moderated
Related Questions
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

#questASSIGNMENT #1 The demand function for Product X is given by: Qdx = 80- 2Px- 0.05P²x -0.2Py + 4Pz + 0.01I+ 2A Where: Px Price of good X $120.00 Py Price of related good y $100

The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?


when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically

what is the demand when expanding healthcare infrastructure?

critically analysis firm theory of profit maximization?

Economics- Definition Economics is the study of how societies utilize limited resources to make valuable commodities and allocate them among diverse people. Microeconomics h