Economies, Constant and Diseconomies of Scale Tutorial

3 Tutorials that teach Economies, Constant and Diseconomies of Scale

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Kate Eskra

Justin Tapp

Catherine Barry

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Tutorial

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Source: Image of average total cost curve, creative commons, http://en.wikipedia.org/wiki/File:Costcurve_-_Av_Total_Cost.svg Image of long run average cost curve, creative commons, http://en.wikipedia.org/wiki/File:Costcurve_-_Long-Run_Av_Cost.svg All graphs with long and short-run cost curves together, and constant scale graph by Justin Tapp

Video Chapters

(00:00 - 00:10) Intro

(00:11 - 01:18) Long-Run Cost Curve as Minimum of Short-Run Cost Curves

(01:19 - 02:00) Economies of Scale

(02:01 - 03:07) Diseconomies of Scale

(03:08 - 03:23) Constant Scale

(03:24 - 04:02) Review

Terms to Know

Diseconomies of Scale: An increase of operational facilities that create an increase in marginal cost.
Economies of Scale: An increase of operational facilities that create a decrease in marginal cost.

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Economies, Constant and Diseconomies of Scale

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Video Chapters