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  • Economies of Scale

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    kingofkingspc
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    Economies of scale refer to the cost advantages a business obtains from increased production and expansion. As production increases, the cost of producing each additional unit falls, resulting in a reduction in the cost per unit. This is realized through operational efficiencies gained as production increases.

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    Economies of scale refer to the cost advantages a business obtains from increased production and expansion. As production increases, the cost of producing each additional unit falls, resulting in a reduction in the cost per unit. This is realized through operational efficiencies gained as production increases.

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    12 views1 page

    Economies of Scale

    Uploaded by

    kingofkingspc
    Economies of scale refer to the cost advantages a business obtains from increased production and expansion. As production increases, the cost of producing each additional unit falls, resulting in a reduction in the cost per unit. This is realized through operational efficiencies gained as production increases.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Economies of scale

    Reduction in cost per unit resulting from increased production, realized through operational efficiencies. Economies of scale can be accomplished because as production increases, the cost of producing each additional unit falls. Economies of scale, in microeconomics, refers to the cost advantages that a business obtains due to expansion.

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