Economies of Scale- Micro 3.2

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In this video I explain the idea of what happens to output and costs in the long-run. I cover two similar but different ideas: increasing retruns to scale and economies of scale. The first one focuses on what happens to output and the second focuses on costs. I also cover t he idea of diseconomies of scale. And, of course, you get a bonus round. Let me know what you think and please subscribe. Video about short run production- https://www.youtube.com/watch?v=xLSRMt-wWAM If you need more help, check out my Ultimate Review Packet https://ift.tt/24UUhPR Watch Episodes of Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH More videos about the costs of production- https://www.youtube.com/playlist?list=PLE70CA726102FB294 Check out the TV show How It's Made to see more economies of scale at work- https://www.youtube.com/channel/UCjHsPBHX1NNbIqTy4eXVTig
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