BrownieLover
Badges: 2
Rep:
?
#1
Report Thread starter 5 years ago
#1
Explain what is meant by internal economies of scale, and analyse the link between economies of scale and a firm’s long run average cost curve. [12]


After I've explained the types of internal economies, how do i 'analyse the link'
ie. i say that as we increase production, there will be less cost using the LRAC diagram but how do i explain it in depth?


Thanks.
0
reply
keynes24
Badges: 10
Rep:
?
#2
Report 5 years ago
#2
(Original post by BrownieLover)
Explain what is meant by internal economies of scale, and analyse the link between economies of scale and a firm’s long run average cost curve. [12]


After I've explained the types of internal economies, how do i 'analyse the link'
ie. i say that as we increase production, there will be less cost using the LRAC diagram but how do i explain it in depth?


Thanks.
you need to refer to different types of internal economies of scale, if there is an extract apply it to the industry provided
0
reply
mapotts53
Badges: 3
Rep:
?
#3
Report 5 years ago
#3
Say how each internal economy leads to lower costs per unit for the firm.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

What support do you need with your UCAS application?

I need help researching unis (10)
13.89%
I need help researching courses (5)
6.94%
I need help with filling out the application form (4)
5.56%
I need help with my personal statement (30)
41.67%
I need help with understanding how to make my application stand out (18)
25%
I need help with something else (let us know in the thread!) (2)
2.78%
I'm feeling confident about my application and don't need any help at the moment (3)
4.17%

Watched Threads

View All