IGCSE/GCSE/O & A Level/IB/University Student Forum

Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: pastyear on November 26, 2009, 03:31:07 pm

Title: Economics problems
Post by: pastyear on November 26, 2009, 03:31:07 pm

What is Returns to scale and Economies of scale really mean?
Do they relate to each other?
I read the books still no understand.

Title: Re: Economics problems
Post by: astarmathsandphysics on November 26, 2009, 08:37:27 pm

Economies of scale is when unit cost of production falls because of increased output