• Economies of Scale- Micro 3.2

    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 ...

    published: 17 Nov 2015
  • economies of scale

    Management, technical and purchasing. See also ECONOMIES OF SCALE PART 2 on the LearnLoads YouTube Channel.

    published: 09 May 2014
  • Why Chicken Sandwiches Don't Cost $1500

    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...

    published: 08 Nov 2016
  • economies of scale - a quick explanation

    published: 24 Sep 2010
  • Economies of Scale and Comparative Advantage

    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...

    published: 15 Jun 2017
  • Economies of scale

    Economies of scale refers to the factors that cause the average cost of producing something to fall as the volume of its output increases. - created at http://www.b2bwhiteboard.com

    published: 15 Feb 2012
  • Economies of Scale

    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.

    published: 24 Apr 2016
  • Economies of scale

    http://mruniversity.com/courses/american-housing-finance-system/economies-scale Help us caption & translate this video! http://amara.org/v/FK76/

    published: 05 Apr 2013
  • Y2/IB 6) Economies and Diseconomies of Scale

    A2/IB 6) Economies and Diseconomies of Scale - An understanding of the different types of economies of scale and diseconomies of scal a firm can experience in the long run with evaluation

    published: 23 Oct 2013
  • Bee Business Bee Economies of Scale Tutorial

    Join Bee Business Bee in this Economies of Scale tutorial. Bee looks at the concept of economies and dis-economies of scale and how these impact on how a business operates. More resources can be found online; www.beebusinessbee.co.uk

    published: 09 May 2014
  • Economies & Diseconomies of Scale (Hindi)

    Explanation of Economies & Diseconomies of Scale (Written in English, explanation in Hindi)

    published: 05 Oct 2016
  • Economies of Scale

    My great slideshow.

    published: 01 Mar 2008
  • As Economics - Economies Of Scale

    What are economies of scale? In this lesson we will answer this question and look at some ACC's.

    published: 10 May 2015
  • Internal Economies of Scale

    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

    published: 27 Apr 2016
  • Economies of Scale

    Brief over view of economies of scale, what they are and how they benefit businesses. Also includes dis-economies of scale and how are they are caused. Pause and make notes where you need to! Like and Subscribe!

    published: 05 Jan 2012
  • Economies of scale EASILY explained (eBay business example) | Economies of scale definition

    Click here: http://www.deytips.com/advanced/expanding-ebay-business/ Let me sell your products or services for you: http://www.proudagent.com Economies of scale definition: Economies of scale is simply the decrease in costs that a business experiences as a result of that particular business growing in size. Why is economies of scale important?: In this video I don't only define economies of scale but I also speak about how it can practically help you and your business. If you are serious about really growing your eBay sales, it’s time to start to scale your business. Although scale may seem like something daunting, if done correctly, it could mean a sizable increase in your profit margins. In this video I explain the benefits of economies of scale and I demonstrate how this concept ...

    published: 08 Sep 2015
  • Inside the DMBA: Learn Economies of Scale in 4 minutes

    The DMBA Live Exchange class teaches students that communicating clearly and concisely across all media is critical in leadership. Here's how one project team tried its hand at communicating a lesson in economics through a short, humorous video. Produced by and featuring: Jason Chan, Martín Díaz, Elaine Goddard, and Tracy Sparks

    published: 23 Apr 2014
  • Sources of Economies of Scale

    The main sources of economies of scale put to music! Economies of scale is defined as the fall in long run average cost as output rises.

    published: 17 Oct 2010
  • Economies and Diseconomies of Scale | Internal Economies of Scale|

    Managerial Economics; Management; Economies and Diseconomies of Scale | Internal Economies of Scale; Introduction -00:00:00- 00:00:20 What are Economies and Diseconomies of scale? -00:00:21- 00:02:45 *What do these concepts mean for a layman? *Long run cost curve and the concepts Economies of Scale 00:02:46- 00:10:35 *How to divide economies of scale? *Internal economies of scale - Economies in production - Economies in marketing - Managerial economies - Economies in transport and storage *What are the characteristics of the each of these varieties of internal economies of scale? *External economies of scale - Large scale purchase of raw materials - Large-scale acquisition of external finance - Massive advertisement campaigns - Large scale hiring of transport and w...

    published: 12 Mar 2015
  • Long Run Costs, Economies of Scale and Returns to Scale

    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

    published: 01 Feb 2016
  • What are ECONOMIES OF SCALE? What do ECONOMIES OF SCALE mean? ECONOMIES OF SCALE meaning

    What are ECONOMIES OF SCALE? What do ECONOMIES OF SCALE mean? ECONOMIES OF SCALE meaning - ECONOMIES OF SCALE definition - ECONOMIES OF SCALE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Often operational efficiency is also greater with increasing scale, leading to lower variable cost as well. Economies of scale apply to a variety of organizational and business situations and at various levels, such as a business or manufacturing unit, plant or an entire enterpri...

    published: 04 Oct 2016
  • Diagram Short: Economies of Scale

    ​This short revision video analyses how internal economies of scale for a business in the long run can lead to lower equilibrium prices and higher profitability. Both consumer and producer surplus can rise if the economies of scale are significant.

    published: 10 May 2016
  • Economies of scale (part 2)

    For business studies students. Explores the types of diseconomies of scale that can arise: such as co-ordination and control.

    published: 12 May 2015
  • Long-run Average Total Cost and Economies of Scale

    When a firm has time to expand or reduce the amount of capital and land it employs in its production, it may find its average, per-unit production costs either rising or falling with the amount of capital it uses. This phenomenon is known as economies of scale (or size). Sometimes, the larger a firm becomes, the more it produces, the lower its average costs of production. On the other hand, it is possible for a firm to become too big for its own good, and experience diseconomies of scale: when producing more output leads to rising average costs. This lesson distinguishes between a firm's short-run average total cost and its long-run average total cost, and explains how economies of scale may help a firm achieve lower average costs as it increases its output in the long-run.

    published: 07 Feb 2012
developed with YouTube
Economies of Scale- Micro 3.2

Economies of Scale- Micro 3.2

  • Order:
  • Duration: 3:55
  • Updated: 17 Nov 2015
  • views: 274197
videos
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 the TV show How It's Made to see more economies of scale at work- https://www.youtube.com/channel/UCjHsPBHX1NNbIqTy4eXVTig
https://wn.com/Economies_Of_Scale_Micro_3.2
economies of scale

economies of scale

  • Order:
  • Duration: 6:36
  • Updated: 09 May 2014
  • views: 83302
videos
Management, technical and purchasing. See also ECONOMIES OF SCALE PART 2 on the LearnLoads YouTube Channel.
https://wn.com/Economies_Of_Scale
Why Chicken Sandwiches Don't Cost $1500

Why Chicken Sandwiches Don't Cost $1500

  • Order:
  • Duration: 10:42
  • Updated: 08 Nov 2016
  • views: 1370958
videos
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: WendoverProductions@gmail.com Reddit: http://Reddit.com/r/WendoverProductions Music by Lewis Bergen Sound Design by Graham Haerther Big thanks to Patrons: Peter Ramkissoon, Jon, f4r, Konrad Armitage, Iracha Tantiwongchaichan, Brady Bellini, Taras Halan, Maco2035, Connor J Smith, Victor Zimmer, Josh Berger
https://wn.com/Why_Chicken_Sandwiches_Don't_Cost_1500
economies of scale - a quick explanation

economies of scale - a quick explanation

  • Order:
  • Duration: 7:49
  • Updated: 24 Sep 2010
  • views: 190564
videos
https://wn.com/Economies_Of_Scale_A_Quick_Explanation
Economies of Scale and Comparative Advantage

Economies of Scale and Comparative Advantage

  • Order:
  • Duration: 4:16
  • Updated: 15 Jun 2017
  • views: 63252
videos
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): Professor Gary Galles makes the case that instead of being so focused on “creating jobs,” we should be focused on creating wealth. http://www.learnliberty.org/blog/when-jobs-kill-wealth/ TRANSCRIPT: For a full transcript please visit: http://www.learnliberty.org/videos/economies-of-scale-and-comparative-advantage LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
https://wn.com/Economies_Of_Scale_And_Comparative_Advantage
Economies of scale

Economies of scale

  • Order:
  • Duration: 1:13
  • Updated: 15 Feb 2012
  • views: 34138
videos
Economies of scale refers to the factors that cause the average cost of producing something to fall as the volume of its output increases. - created at http://www.b2bwhiteboard.com
https://wn.com/Economies_Of_Scale
Economies of Scale

Economies of Scale

  • Order:
  • Duration: 8:40
  • Updated: 24 Apr 2016
  • views: 17142
videos
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.
https://wn.com/Economies_Of_Scale
Economies of scale

Economies of scale

  • Order:
  • Duration: 11:41
  • Updated: 05 Apr 2013
  • views: 442
videos
http://mruniversity.com/courses/american-housing-finance-system/economies-scale Help us caption & translate this video! http://amara.org/v/FK76/
https://wn.com/Economies_Of_Scale
Y2/IB 6) Economies and Diseconomies of Scale

Y2/IB 6) Economies and Diseconomies of Scale

  • Order:
  • Duration: 17:10
  • Updated: 23 Oct 2013
  • views: 50918
videos
A2/IB 6) Economies and Diseconomies of Scale - An understanding of the different types of economies of scale and diseconomies of scal a firm can experience in the long run with evaluation
https://wn.com/Y2_Ib_6)_Economies_And_Diseconomies_Of_Scale
Bee Business Bee Economies of Scale Tutorial

Bee Business Bee Economies of Scale Tutorial

  • Order:
  • Duration: 7:30
  • Updated: 09 May 2014
  • views: 19444
videos
Join Bee Business Bee in this Economies of Scale tutorial. Bee looks at the concept of economies and dis-economies of scale and how these impact on how a business operates. More resources can be found online; www.beebusinessbee.co.uk
https://wn.com/Bee_Business_Bee_Economies_Of_Scale_Tutorial
Economies & Diseconomies of Scale (Hindi)

Economies & Diseconomies of Scale (Hindi)

  • Order:
  • Duration: 14:39
  • Updated: 05 Oct 2016
  • views: 16977
videos
Explanation of Economies & Diseconomies of Scale (Written in English, explanation in Hindi)
https://wn.com/Economies_Diseconomies_Of_Scale_(Hindi)
Economies of Scale

Economies of Scale

  • Order:
  • Duration: 7:14
  • Updated: 01 Mar 2008
  • views: 69122
videos
My great slideshow.
https://wn.com/Economies_Of_Scale
As Economics - Economies Of Scale

As Economics - Economies Of Scale

  • Order:
  • Duration: 3:06
  • Updated: 10 May 2015
  • views: 566
videos
What are economies of scale? In this lesson we will answer this question and look at some ACC's.
https://wn.com/As_Economics_Economies_Of_Scale
Internal Economies of Scale

Internal Economies of Scale

  • Order:
  • Duration: 10:17
  • Updated: 27 Apr 2016
  • views: 12869
videos
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
https://wn.com/Internal_Economies_Of_Scale
Economies of Scale

Economies of Scale

  • Order:
  • Duration: 2:58
  • Updated: 05 Jan 2012
  • views: 19480
videos
Brief over view of economies of scale, what they are and how they benefit businesses. Also includes dis-economies of scale and how are they are caused. Pause and make notes where you need to! Like and Subscribe!
https://wn.com/Economies_Of_Scale
Economies of scale EASILY explained (eBay business example) | Economies of scale definition

Economies of scale EASILY explained (eBay business example) | Economies of scale definition

  • Order:
  • Duration: 7:18
  • Updated: 08 Sep 2015
  • views: 3001
videos
Click here: http://www.deytips.com/advanced/expanding-ebay-business/ Let me sell your products or services for you: http://www.proudagent.com Economies of scale definition: Economies of scale is simply the decrease in costs that a business experiences as a result of that particular business growing in size. Why is economies of scale important?: In this video I don't only define economies of scale but I also speak about how it can practically help you and your business. If you are serious about really growing your eBay sales, it’s time to start to scale your business. Although scale may seem like something daunting, if done correctly, it could mean a sizable increase in your profit margins. In this video I explain the benefits of economies of scale and I demonstrate how this concept could be used to expand your eBay selling into a fully blown eCommerce business. Economies of scale is an economic term and is used to describe the financial advantages to expanding your business. Subscribe: http://www.deytips.com/subscribe Facebook: http://www.deytips.com/facebookpage Twitter: https://twitter.com/Deytips Pinterest: https://uk.pinterest.com/deytips/ Google plus: http://www.deytips.com/googleplus Udemy: https://www.udemy.com/u/sarmaddey/ LinkedIn: http://www.deytips.com/linkedin This video URL: http://youtu.be/rYuYAH-Juws Business email: Sam@deytips.com Sam Dey -~-~~-~~~-~~-~- Please watch: "Lead Generation Tips | Attracting More Leads To Your Business Online" https://www.youtube.com/watch?v=wWkYxGMzd2M -~-~~-~~~-~~-~-
https://wn.com/Economies_Of_Scale_Easily_Explained_(Ebay_Business_Example)_|_Economies_Of_Scale_Definition
Inside the DMBA: Learn Economies of Scale in 4 minutes

Inside the DMBA: Learn Economies of Scale in 4 minutes

  • Order:
  • Duration: 4:55
  • Updated: 23 Apr 2014
  • views: 3744
videos
The DMBA Live Exchange class teaches students that communicating clearly and concisely across all media is critical in leadership. Here's how one project team tried its hand at communicating a lesson in economics through a short, humorous video. Produced by and featuring: Jason Chan, Martín Díaz, Elaine Goddard, and Tracy Sparks
https://wn.com/Inside_The_Dmba_Learn_Economies_Of_Scale_In_4_Minutes
Sources of Economies of Scale

Sources of Economies of Scale

  • Order:
  • Duration: 2:13
  • Updated: 17 Oct 2010
  • views: 12704
videos
The main sources of economies of scale put to music! Economies of scale is defined as the fall in long run average cost as output rises.
https://wn.com/Sources_Of_Economies_Of_Scale
Economies and Diseconomies of Scale | Internal Economies of Scale|

Economies and Diseconomies of Scale | Internal Economies of Scale|

  • Order:
  • Duration: 14:15
  • Updated: 12 Mar 2015
  • views: 10467
videos
Managerial Economics; Management; Economies and Diseconomies of Scale | Internal Economies of Scale; Introduction -00:00:00- 00:00:20 What are Economies and Diseconomies of scale? -00:00:21- 00:02:45 *What do these concepts mean for a layman? *Long run cost curve and the concepts Economies of Scale 00:02:46- 00:10:35 *How to divide economies of scale? *Internal economies of scale - Economies in production - Economies in marketing - Managerial economies - Economies in transport and storage *What are the characteristics of the each of these varieties of internal economies of scale? *External economies of scale - Large scale purchase of raw materials - Large-scale acquisition of external finance - Massive advertisement campaigns - Large scale hiring of transport and warehouses Diseconomies of Scale 00:10:36- 00:14:14 *Two types of diseconomies of scale *Internal diseconomies of scale - Managerial inefficiency - Labor inefficiency *What are the consequences of internal diseconomies of scale? *External diseconomies of scale *Where an external diseconomy of scale occurs and why? *How do these concepts help the firm to reap benefits? Video by Edupedia World (www.edupediaworld.com), Free Online Education; Click here https://www..com/playlist?list=PLJumA3phskPFwp2XXInxCWpv28nPMimDUfor more videos on Managerial Economics; All Rights Reserved.
https://wn.com/Economies_And_Diseconomies_Of_Scale_|_Internal_Economies_Of_Scale|
Long Run Costs, Economies of Scale and Returns to Scale

Long Run Costs, Economies of Scale and Returns to Scale

  • Order:
  • Duration: 2:58
  • Updated: 01 Feb 2016
  • views: 5515
videos
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
https://wn.com/Long_Run_Costs,_Economies_Of_Scale_And_Returns_To_Scale
What are ECONOMIES OF SCALE? What do ECONOMIES OF SCALE mean? ECONOMIES OF SCALE meaning

What are ECONOMIES OF SCALE? What do ECONOMIES OF SCALE mean? ECONOMIES OF SCALE meaning

  • Order:
  • Duration: 2:32
  • Updated: 04 Oct 2016
  • views: 953
videos
What are ECONOMIES OF SCALE? What do ECONOMIES OF SCALE mean? ECONOMIES OF SCALE meaning - ECONOMIES OF SCALE definition - ECONOMIES OF SCALE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Often operational efficiency is also greater with increasing scale, leading to lower variable cost as well. Economies of scale apply to a variety of organizational and business situations and at various levels, such as a business or manufacturing unit, plant or an entire enterprise. For example, a large manufacturing facility would be expected to have a lower cost per unit of output than a smaller facility, all other factors being equal, while a company with many facilities should have a cost advantage over a competitor with fewer. Some economies of scale, such as capital cost of manufacturing facilities and friction loss of transportation and industrial equipment, have a physical or engineering basis. The economic concept dates back to Adam Smith and the idea of obtaining larger production returns through the use of division of labor. Diseconomies of scale are the opposite. Economies of scale often have limits, such as passing the optimum design point where costs per additional unit begin to increase. Common limits include exceeding the nearby raw material supply, such as wood in the lumber, pulp and paper industry. A common limit for low cost per unit weight commodities is saturating the regional market, thus having to ship product uneconomical distances. Other limits include using energy less efficiently or having a higher defect rate. Large producers are usually efficient at long runs of a product grade (a commodity) and find it costly to switch grades frequently. They will therefore avoid specialty grades even though they have higher margins. Often smaller (usually older) manufacturing facilities remain viable by changing from commodity grade production to specialty products.
https://wn.com/What_Are_Economies_Of_Scale_What_Do_Economies_Of_Scale_Mean_Economies_Of_Scale_Meaning
Diagram Short: Economies of Scale

Diagram Short: Economies of Scale

  • Order:
  • Duration: 2:44
  • Updated: 10 May 2016
  • views: 805
videos
​This short revision video analyses how internal economies of scale for a business in the long run can lead to lower equilibrium prices and higher profitability. Both consumer and producer surplus can rise if the economies of scale are significant.
https://wn.com/Diagram_Short_Economies_Of_Scale
Economies of scale (part 2)

Economies of scale (part 2)

  • Order:
  • Duration: 6:05
  • Updated: 12 May 2015
  • views: 5829
videos
For business studies students. Explores the types of diseconomies of scale that can arise: such as co-ordination and control.
https://wn.com/Economies_Of_Scale_(Part_2)
Long-run Average Total Cost and Economies of Scale

Long-run Average Total Cost and Economies of Scale

  • Order:
  • Duration: 17:41
  • Updated: 07 Feb 2012
  • views: 46989
videos
When a firm has time to expand or reduce the amount of capital and land it employs in its production, it may find its average, per-unit production costs either rising or falling with the amount of capital it uses. This phenomenon is known as economies of scale (or size). Sometimes, the larger a firm becomes, the more it produces, the lower its average costs of production. On the other hand, it is possible for a firm to become too big for its own good, and experience diseconomies of scale: when producing more output leads to rising average costs. This lesson distinguishes between a firm's short-run average total cost and its long-run average total cost, and explains how economies of scale may help a firm achieve lower average costs as it increases its output in the long-run.
https://wn.com/Long_Run_Average_Total_Cost_And_Economies_Of_Scale
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