a) Economies and diseconomies of scale

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Last updated 6:36 PM on 6/28/26
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4 Terms

1
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  • define economies of scale

  • define diseconomies of scale

  • cost advantages earned when a firm grows larger

  • cost disadvantages faced when a firm grows larger

2
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  • define increasing returns to scale

  • define constant returns to scale

  • define decreasing returns to scale

  • increase in input < increase in output

  • increase in input = increase in output

  • increase in input > increase in output

3
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  • n/a

  • n/a

4
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  • n/a

  • n/a