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Scale and average cost

Scale and average cost

Economies of scale occur when long-run average cost falls as a firm increases its scale of output. In the long run, all factors of production can be varied.

1.4.5 Economies and diseconomies of scale Lesson

  1. A Level
  2. /Economics
  3. /1.4.5 Economies and diseconomies of scale

Step-by-step lessons on AQA A Level Economics 1.4.5 Economies and diseconomies of scale. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons