c) (Dis)economies of scale

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Last updated 11:07 PM on 5/11/26
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4 Terms

1
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  • explain economies of scale

  • scale of production increases

  • increase in input < increase in output

  • cost of input < revenue from output

  • ATC decreases

2
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  • explain constant returns to scale

  • increase in input = increase in output

3
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  • explain diseconomies of scale

  • scale of production increases

  • increase in input > increase in output

  • cost of input > revenue from output

  • ATC increases

4
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  • n/a

  • n/a