Economies of scale and scope

Economies of Scale: Producing More in Lesser Cost economies of scale In most perfectly competitive models, it is assumed that production takes place with constant returns to scale This means pirates of the caribbean 2 The two concepts economies of scale and economies of size describe what happens to production or costs when the size of the firm changes

pg soft download Source: Internal economies of scale refer to the cost advantages a firm can achieve as a result of its own growth and expansion These cost