Kevin has edited encyclopedias, taught history, and has an MA in Islamic law/finance. Cite this lesson The economies of scale is where the scale of production lines up with a long-term outcome that is most profitable. Study the definition and impact of the economies of scale on fixed costs...
Some of the economies of scale recognized in engineering have a physical basis, such as the square-cube law, by which the surface of a vessel increases by the square of the dimensions while the volume increases by the cube. This law has a direct effect on the capital cost of such things...
Unfortunately, economies of scale can’t continue indefinitely. It’s subject to thelaw of diminishing marginal returns— the point at which adding more production results in a smaller increase in output. The complexities and inefficiencies of managing a large-scale operation are bound to occur, wh...
The key to economies of scale isprocess learningof the sort that the consulting firm BCG codified with itsexperience curvesin the 1970s. Amortization of fixed costs across many instances is merely what makes the learning worthwhile, but the work of scaling lies in the learning. Getting to repea...
Although economies of scale are relatively well studied in the arts, economies of scope have received less attention. Yet recent trends toward freelancing
The single business of Henry Thoreau, during forty odd years of eager activity, was to discover an economy calculated to provide a satisfying life. His one concern, which gave to his ramblings in Concord fields a value of high adventure, was to explore the true meaning of wealth. As he ...
increased production economies of scale and reduced 青云英语翻译 请在下面的文本框内输入文字,然后点击开始翻译按钮进行翻译,如果您看不到结果,请重新翻译! 翻译结果1翻译结果2翻译结果3翻译结果4翻译结果5 翻译结果1复制译文编辑译文朗读译文返回顶部 增加了经济的规模生产和降低...
physics. We are biologically adapted to needing some cooked foods in our diets. We have also moved away from the equatorial regions, so many of us need heat to keep warm. With a world population of 8 billion, we are a long way from meeting all our energy needs with renewable s...
(meaning that more people must engage in agriculture in order to provide subsistence levelof foodsupply) and the asymmetry between agricultural output and labor, i.e. the share of agricultural labor dwarfs that of agricultural output (e.g. Johnston, 1961). For this reason, the migration of ...
X. The law of increasing returns to scale relates to the effect of changes in factor proportions.Y. Economies of scale arise only because of indivisibilities of factor proportions.Z. Internal economies of scale can accrue only to the exporting sector.Select the c...