- published: 17 Nov 2015
- views: 99031
In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and economies of scale. The first one focuses on what happens to output and the second focuses on costs. I also cover t he idea of diseconomies of scale. And, of course, you get a bonus round. Let me know what you think and please subscribe. Video about short run production- https://www.youtube.com/watch?v=xLSRMt-wWAM If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294 Check out ...
Check out Lumerit to learn how you can do college for $4,000 a year or less: https://go.lumerit.com/wendover Andy George's Channel (How to Make Everything): https://www.youtube.com/channel/UCfIqCzQJXvYj9ssCoHq327g Support Wendover Productions on Patreon: http://patreon.com/wendoverproductions Chances are if you make a chicken sandwich yourself it will cost less than $5, but Andy George's chicken sandwich cost $1,500 because he made everything from scratch. What causes this huge difference in cost between chicken sandwiches made from scratch and bought at the grocery store? Big thanks to https://www.shutterstock.com for providing loads of great stock footage for this video. Youtube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: WendoverPr...
Business students need to be aware of the concept of economies of scale, which enable a business to benefit from lower unit costs as output rises. This revision video explains the concept.
Long Run Costs, Economies of Scale and Returns to Scale = How to draw the Long Run Costs, Economies of Scale and Returns to Scale diagram Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/groups/kcbusinesseconomics/?ref=bookmarks Theory Video (Long Run Costs and Returns to Scale): https://www.youtube.com/watch?v=AumdiW0DlTg Theory Video (Economies of Scale): https://www.youtube.com/watch?v=4YB4mxdmMi0
Economies of scale and comparative advantage let us make bigger and better oranges, grapes, and everything else. For more Dan Russell, watch https://www.youtube.com/watch?v=_sLET3sqMgU Russell, Daniel. "Economies of Scale and Comparative Advantage." YouTube. Learn Liberty, 15 June 2017. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: What Caused The Economic Boom of Wealth? - Learn Liberty (video): Professor Deirdre McCloskey explains the explosion of wealth in the world since 1800, and how all that wealth was created. https://www.youtube.com/watch?v=a0nsKBx77EQ "Trade Is Made of Win," Part 1: Wealth Creation (video): Professor Art Carden explains how exchange and trade create wealth for everyone involved. https://www.youtube.com/watch?v=y0gGyeA-8C4 When Jobs Kill Wealth (blog): Profess...
Rapid Knowledge Transfer ”Teach Us Something in 7 Minutes” Design Strategy MBA Videos In small teams students delivered 7 minute performances about business, communication or the future to a live audience of 100. Afterwards they designed a 4 minute video of the performance.
Organisations achieve economies of scale in a variety of ways. Maximum efficiencies can be gained when they achieve an optimum size. Different types include commercial, managerial, technical, marketing and financial economies of scale. But it is not simply a case of the bigger the better. There are many examples of diseconomies of scale as well -- where organisations become too big and run inefficiently. This film examines a range of types of economies of scale and through interviews with a range of experts, as well as people on the street, explores how economies of scale work in business. A number of examples are used throughout. Interviewees include Francis Mulleady from the University of Westminster, Paul McGowan from the Centre for Innovative Technology, Leslie McGibbon from the ...
Gazzola Farm, Koala Farm, Schreurs Farm and Rugby Farm: These vegetable farming businesses utilize the innovative approaches along Australia’s East Coast region. By applying clever farming strategies, they are able to overcome challenges both specific to Australia and shared by farmers globally.
For business studies students. Explores the types of diseconomies of scale that can arise: such as co-ordination and control.
What are economies of scale? In this lesson we will answer this question and look at some ACC's.
This topic video looks at lots of example of internal economies of scale available to businesses as they expand in the long run. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff
In this short revision video we focus on examples of external economies of scale - i.e. the reductions in unit costs for businesses who benefit from an expansion of their industry. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff