Posted: October 1st, 2022
Long-Run Average Cost and Economies of Scale [WLOs: 3, 4] [CLOs: 1, 2, 3]
Prior to beginning work on this discussion, read David Trainers article,, as well as Chapter 8 in your textbook, and respond to the following:
How can the long-run average cost (LRAC) curve be derived from the short-run average total cost (SRATC) curve?
Describe economies of scale and diseconomies of scale.
What are the determinants of economies of scale and diseconomies of scale, respectively?
Using a real-world company (other than Sysco), explain the causes of economies of scale for your company.
How would economies of scale help your company compete in its industry?
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