'Diseconomies' presentation slideshows

Chapter 20: Production and Costs

1.08k views • 84 slides

Business cost and revenue

Business cost and revenue. Chapter 6. Business cost and revenue. This unit will explain: Why businesses need to know the costs of running their activities and revenue gained by selling their products The different types of cost involved in running a business

669 views • 41 slides

Labor Productivity and Efficiency in Southeast Missouri Counties

Labor Productivity and Efficiency in Southeast Missouri Counties. Labor productivity=output/labor=Y/L. Determinants of Labor productivity Efficiency=actual outputs / maximum potential outputs Scale economies or diseconomies a. Economies of scale (increasing returns to scale)

295 views • 18 slides

Economies of Scale

Economies of Scale. Mind Map of Economies of Scale. Economies of Scale. Otherwise known as Procurement can take the form of: Technical Specialisation Purchasing. Economies of Scale. The advantages of large scale production that result in lower unit (average) costs (cost per unit)

390 views • 15 slides

Long Run Cost and Economies of Scale

Long Run Cost and Economies of Scale. Long run average total cost curve (LRATCC) Shows the relationship between output and average total cost when fixed cost has been chosen to minimize average total cost for each level of output.

277 views • 8 slides

Economies of Scale

Economies of Scale. Definitions. The benefits gained from producing on a large scale. It usually means that the average cost of making a good is lowered.

308 views • 8 slides