Service Features
  • 275 words per page
  • Font: 12 point Courier New
  • Double line spacing
  • Free unlimited paper revisions
  • Free bibliography
  • Any citation style
  • No delivery charges
  • SMS alert on paper done
  • No plagiarism
  • Direct paper download
  • Original and creative work
  • Researched any subject
  • 24/7 customer support

Economies of Scale

Title: Economies of Scale
Category: /Business & Economy
Details: Words: 1312 | Pages: 5 (approximately 235 words/page)
Economies of Scale
Economies of Scale. Economies of scale are traditionally defined as "a fall in the long run average cots of production as output rises" (Anderton). Figure 1 shows how economies of scale and diseconomies of scale occur in a graphical form. Figure 1 The long run average cost curve is U-shaped because long run average costs: 1.at first fall over the output up until output O, showing economies of scale 2.then rise again when output exceeds the point …showed first 75 words of 1312 total…
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
…showed last 75 words of 1312 total…and talked how they can be used in understanding industrial structure. Through all the sources we can understand how companies can reach their MES by making use of economies of scale. This in turn helps to see how/why companies make decisions to try and increase profits, and when they do how they can re-invest the money, again to get closer to their MES. Bibliography Economics For Business 2nd Edition, John Sloman and Mark Sutcliffe

Need a custom written paper?