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What best explains one of the benefits provided by economies on scale?
Wiki User
∙ 6y ago
The most important factor that economies of scales play are decreasing unit costs in direct positive correlation to the increase of unit production. Or in other words, as you produce more goods the costs of those goods decrease. A decrease in unit cost will make your product more competitive as an export and will be more domestically competitive. Hope that helps.
Wiki User
∙ 13y ago
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Which best explains one of the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods. APEX
What are the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
Which of the following best explains one of the benefits provided by economic of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
3 Describe the benefits enjoyed by a firm engaging in large scale production?
about Economies of large scale production
Difference between economics of scale and diseconomics of scale?
I assume you mean economies of scale and diseconomies of scale. Economies of scale are the benefits of lower average costs gained by a firm because it is large. Economies of scale can include things like the bulk buying of raw materials etc. Diseconomies of scale happen when a firm becomes too large for its own good and becomes inefficient, therefore resulting in higher average costs.
Which best explains one of the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods. APEX
What are the benefits provided by economies of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
Which of the following best explains one of the benefits provided by economic of scale?
A larger customer base enables retailers to pay lower prices for wholesale goods.
3 Describe the benefits enjoyed by a firm engaging in large scale production?
about Economies of large scale production
Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
Of what significance is economies of scale in planning the establishment of commercial enterprise?
OF WHAT SIGNIFICANCE IS ECONOMIES OF SCALE IN THE ESTABLISHMENT OF COMMERCIAL ENTERPRISE?. economies of scale
Difference between economics of scale and diseconomics of scale?
I assume you mean economies of scale and diseconomies of scale. Economies of scale are the benefits of lower average costs gained by a firm because it is large. Economies of scale can include things like the bulk buying of raw materials etc. Diseconomies of scale happen when a firm becomes too large for its own good and becomes inefficient, therefore resulting in higher average costs.
What is the economies of scale?
Internal economies of scale arise when the cost per unit
Define economies of scale How does this relate to returns to scale Cite and briefly discuss the main determinants of economies of scale?
Cite and briefly discuss the main determinants of economies of scale.
Equilibrium and economies scale in market economy?
Equilibrium and economies scale in market economy
What does the writer mean by diseconomies of sale?
Not profiting from economies of scale, because there are no economies of scale. That is meant by diseconomies of scale.
What are the sources of economies of scale?
The economies of scale attainable from large scale production fall into two categories. Internal and External.
