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Zorluk: Çok zorLong-Run Costs and Production

Match each long-run production and cost concept on the left with its corresponding economic characterization or underlying driver on the right.

  • Minimum Efficient Scale (MES)The lowest output level at which a firm fully exhausts internal scale advantages and minimizes long-run average total cost.
  • External Economies of ScaleReductions in long-run average costs experienced by a firm due to the expansion, localization, or infrastructural growth of the entire industry.
  • Economies of ScopeCost advantages derived from producing multiple distinct goods jointly rather than in separate specialized firms.
  • Internal Diseconomies of ScaleIncreases in long-run average total costs resulting from managerial coordination bottlenecks and administrative friction as firm size expands.

Cevap

Minimum Efficient Scale pairs with the lowest output level minimizing long-run average cost; External Economies of Scale pair with industry-wide growth cost advantages; Economies of Scope pair with joint multi-product production cost savings; Internal Diseconomies of Scale pair with managerial coordination friction and rising average costs.
Each concept correctly aligns with its precise economic definition: Minimum Efficient Scale marks the output point minimizing LRATC; External Economies of Scale are driven by industry-level expansion; Economies of Scope arise from joint multi-good production efficiencies; and Internal Diseconomies of Scale stem from internal organizational inefficiencies in large firms.

Adım Adım Çözüm

1
Identify the definition of Minimum Efficient Scale (MES)
MES corresponds to the minimum point on the Long-Run Average Total Cost (LRATC) envelope curve where scale economies are fully realized.
It represents the smallest output volume required for a firm to achieve maximum long-run cost efficiency.
2
Analyze External Economies of Scale
External economies are cost savings driven by external industry development rather than individual firm expansion.
Growth of the overall sector provides external benefits like specialized supply networks, lowering average costs for all firms in the industry.
3
Differentiate Economies of Scope
Economies of scope describe cost efficiencies achieved through multi-product diversification.
Sharing production facilities, technology, or distribution channels across multiple product lines reduces joint unit costs.
4
Examine Internal Diseconomies of Scale
Internal diseconomies refer to an upward slope in the LRATC curve due to firm-level expansion problems.
Excessive firm scale leads to bureaucratic inefficiency, poor communication, and diminished worker motivation, driving up average costs.

Anahtar Kavram

Long-Run Production Concepts and Economies of Scale
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Konular

Long-Run Costs and Production

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