[经济学]ch07_08_31_08.pptVIP

LONG-RUN VERSUS SHORT-RUN COST CURVES 7.4 Economies and Diseconomies of Scale As output increases, the firm’s average cost of producing that output is likely to decline, at least to a point. This can happen for the following reasons: If the firm operates on a larger scale, workers can specialize in the activities at which they are most productive. Scale can provide flexibility. By varying the combination of inputs utilized to produce the firm’s output, managers can organize the production process more effectively. The firm may be able to acquire some production inputs at lower cost