What is are economies of scale?

The idea that once a company expands, the production costs get proportional smaller to produce each product.

Answered by Jake P. Economics tutor

1296 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

A football club raises all stadium seat prices by 5%. The demand for seats falls by 1% in zone W, by 3% in zone X, by 5% in zone Y and by 6% in zone Z. In which zone is the responsiveness of demand for seats to the price change elastic?


Please show, using a diagram with explanation, the effect on the UK market for t-shirts of a flood in Bangladesh, a leading cotton growing nation.


What is the PPF curve and what would cause it to shift?


What is the definition of an internal economies of scale?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences