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Economy of scale
also called Economies of Scale and has one more synonym

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  1. are the cost advantages that a firm obtains due to expansion

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 6, 2009
  2. may be utilized by any size firm expanding its scale of operation

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 6, 2009
  3. - As a firm doubles output, the total cost of inputs less than doubles Diseconomies of scale - As a firm doubles its output, the total cost of inputs more than doubles

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 6, 2009
  4. The common ones are purchasing (bulk buying of materials through long-term contracts), managerial (increasing the specialization of managers), financial (obtaining lower-interest charges when borrowing from banks and having access to a greater range

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 6, 2009
  5. Each of these factors reduces the long run average costs (LRAC) of production by shifting the short-run average total cost (SRATC) curve down and to the right

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 6, 2009
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