Economies of Scale Microeconomics

Economies of Scale - an overview economy of scale Economies of scale cause unit costs to decline as the number of units produced increases This occurs because fixed costs are spread over doofree88 ECONOMIES OF SCALE definition: the reduction of production costs that is a result of making and selling goods in large quantities… Learn more

wheel of name The specific way an economy of scale works depends on the goods or services being produced It may be as simple as extending operating hours to