Eco 722.00 – Economies Of Scale And Economies Of Scope

Explore how a firm determines the optimal scale of a plant for a givenrate of output and why this determination relates to longer-run strategies versus current operations. Also, discuss the differences betweeneconomies of scale and economies of scope and how firms can benefitfrom each.Then, provide a specific company example of economics of scale oreconomics of scope and how it affects production and cost or howtechnology affects the inputs and costs. Conduct research and use specific examples.make sure cite in appropriate discipline.

Originally posted 2018-07-16 02:53:17. Republished by Blog Post Promoter