Capacity and Unit Cost
- Created by: skyblue97
- Created on: 17-04-14 15:34
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CAPACITY AND UNIT COST
UNIT COST is the average cost per unit of output.
ECONOMIES OF SCALE is when a firm increases their output and their unit costs fall. Reasons for this may include:
- Bulk buying
- Machinery
- Specialist managers
Ideal capacity utilisation is near 100% because...
- You get…
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