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Scale and average cost

Scale and average cost

Economies of scale are cost advantages gained as a firm increases its scale of output in the long run. They cause long-run average cost, or LRAC, to fall.

3.3.3 Economies and diseconomies of scale Lesson

  1. A Level
  2. /Economics
  3. /3.3.3 Economies and diseconomies of scale

Step-by-step lessons on Edexcel A A Level Economics 3.3.3 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