Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  3. Economics OCR
  5. Question bank

Costs and economies of scale

EasyMediumHard
12345678910111213141516171819
Question 1

Using the data in Table 1, explain how there are economies of scale in the global production of commercial solar panels.

Table 1: Global production of commercial solar panels

  • 2019: Output of 12 GW, Average Cost of $220 per kWp
  • 2024 (estimate): Output of 45 GW, Average Cost of $130 per kWp
  • 2029 (estimate): Output of 65 GW, Average Cost of $95 per kWp
[2]

Costs and economies of scale Questions

  1. A Level
  2. /Economics
  3. /Costs and economies of scale