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Card 16
Front
What is increasing returns to scale?
Back
Card 17
Front
What is constant returns to scale?
Back
Card 18
Front
What is decreasing returns to scale?
Back
Card 19
Front
At what point does the minimum efficient scale occur?
Back
Card 20
Front
What 2 factors does the MES affect?
Back
Card 21
Front
If there is a low MES, will there be a large number of firms or a small number of firms in an industry?
Back
Card 22
Front
What are economies of scale?
Back
Card 23
Front
What are diseconomies of scale?
Back
Card 24
Front
What are the benefits of technological change?
Back
Card 25
Front
How do you calculate profit?
Back
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