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Costs and economies of scale

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Question 2

Using the data in Table 1, explain how there are economies of scale in the global production of solid-state aircraft batteries.

Table 1: Global production of solid-state aircraft batteries

  • 2021: Output of 8 GWh, Average Cost of $310 per kWh
  • 2026 (estimate): Output of 35 GWh, Average Cost of $160 per kWh
  • 2031 (estimate): Output of 80 GWh, Average Cost of $85 per kWh
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Costs and economies of scale Questions

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