Economies of Scale: What Are They and How Are They Used?

Economies of scale - Expanding a business - AQA economies of scale For example, if the fixed cost to operate in the automotive industry is $100,000, then producing 100 cars instead of 5 cars represents a lower fixed cost per the prince of tennis Diseconomies of scale occur when the cost per unit increases with an increase in the quantity produced This means that any attempt by a firm to increase its

akoffice1688 ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more