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Slide 1:Economics of scale Presented by shriram@ncsi.iisc.ernet.in
Slide 2: Highlights • What is Economics • What is Scale • Economics of Scale? • Types of Economies of Scale • Supply and Demand side EOS • Formula and Graph for EOS • Limitations • References Economics of Scale 2
Slide 3: What is Economics • Economics is the study of how people choose to use resources. Resources include the : 1.Time and talent people have available, 2.The land, buildings, equipment, and other tools on hand, and 3.The knowledge of how to combine them to create useful products and services. Economics of Scale 3
Slide 4: What is Scale • An ordered reference standard; \"judging on a scale of 1 to 10\" • Pattern, make, regulate, set, measure, or estimate according to some rate or standard • T
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