MYTUTOR SUBJECT ANSWERS

533 views

Explain one economies of scale that a firm may enjoy when it expands its production scale.

1. Technical economies of sale: Large firms can utilize more fully the machines and plant equitments and thus reduce the average cost.

2.Managerial economies of scale: A large firm with a wider scope of specialization can raise efficiency and reduce the average cost.

Chun Yin L. A Level Economics tutor, A Level Mandarin tutor, A Level ...

1 year ago

Answered by Chun Yin, an A Level Economics tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

62 SUBJECT SPECIALISTS

£20 /hr

Em M.

Degree: Economics with Management (Bachelors) - Durham University

Subjects offered: Economics, Maths+ 2 more

Economics
Maths
French
English Literature

“About me: I'm studying Economics with Management at Durham University and as I'm in my first year, I remember very clearly what it is like to take GCSEs and A Levels! I am happy to run sessions on GCSE Maths, Economics or French, and ...”

MyTutor guarantee

£36 /hr

William A.

Degree: Law (Bachelors) - Cambridge alumni University

Subjects offered: Economics, Maths+ 3 more

Economics
Maths
Law
Chemistry
.LNAT.

“I recently graduated from the University of Cambridge in Law and completed my A Levels in 2012 with 4 A*s in Maths, Economics, Physics and Chemistry.I am a friendly and approachable person and have previously tutored A Level Econom...”

£20 /hr

Shona S.

Degree: Economics (Bachelors) - Birmingham University

Subjects offered: Economics, Maths+ 1 more

Economics
Maths
Biology

“I am a second year Economics student, studying at University of Birmingham. At school I studied Economics, Maths and Biology for A levels and having enjoyed learning them, so I feel I will be able to enthusiastically teach these subje...”

About the author

£20 /hr

Chun Yin L.

Degree: Banking and Finance (Bachelors) - Cardiff University

Subjects offered: Economics, Maths+ 1 more

Economics
Maths
Mandarin

“My name is Gary Lee, I am from Hong Kong and I am now currently studying Banking and Finance in Cardiff University. I am an easy-going person where I will not force my student to follow my own way of study but develop and explore thei...”

MyTutor guarantee

You may also like...

Posts by Chun Yin

A is a function of P . It is known that A is the sum of two parts, one part varies as P and the other part varies as the square of P . When P = 24 , A = 36 and when P = 18 , A = 9. Express A in terms of P .

Explain one economies of scale that a firm may enjoy when it expands its production scale.

Other A Level Economics questions

Why is the concept of the “marginal “ so important in economics?

How does the demand and supply diagram form?

How can changes in the interest rate affect aggregate demand?

How should I answer 4 mark multi-choice questions?

View A Level Economics tutors

Cookies:

We use cookies to improve our service. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok