Skip to content

Course home

x
Sign up
x

Economies of Scale and Average Cost

Economies of Scale and Average Cost

Economies of scale occur when a firm's long-run average cost falls as it expands its scale of output. Average cost measures the cost per unit of output.

7.5.5 relationship between economies of scale and decreasing average costs Lesson

  1. Intl A Level
  2. /Economics
  3. /7.5.5 relationship between economies of scale and decreasing average costs

Step-by-step lessons on CIE Intl A Level Economics 7.5.5 relationship between economies of scale and decreasing average costs. Each one builds up to exam-style questions.

Lessons