Asked by
hamilton trimble
on Nov 04, 2024
Verified
Economies of scale cannot be due only to the sheer size of a firm's operation.
Economies of Scale
Cost benefits that companies gain from their operation size, where the cost for each unit of production typically falls as the scale expands.
- Differentiate between economies of scale and diseconomies of scale.
- Determine the threshold where a firm begins to experience diseconomies of scale.
Verified Answer
DB
Learning Objectives
- Differentiate between economies of scale and diseconomies of scale.
- Determine the threshold where a firm begins to experience diseconomies of scale.