Economies of Scale and Long-Run Costs- Micro Topic 3.3

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-    • Diminishing Returns and the Production Fun...   Need help? Check out the Ultimate Review Packet for FREE: https://www.acdcecon.com/review-packet Watch Episodes of Econmovies-    • EconMovies   Check out the TV show How It's Made to see more economies of scale at work-    / channel