Tesla plans to produce a new, large-volume vehicle at a new facility in Mexico. Using a diagram, explain what is meant by economies of scale “We found that even small changes in price have a big ...

Economies of scale are cost advantages reaped by companies when production becomes efficient. When goods are produced in large numbers, the per-unit costs decrease.

Discussion topic: Coca Cola, Costa and economies of scale FT articles with classroom tasks: economics Costa has more than 2,400 shops in the UK and 1,400 in more than 30 international markets ...