September 21st, 2022
By: Michael Fremer
A rough definition of “economies of scale” is the cost advantages produced by increased production. The more you produce, the lower the cost per unit, measured by the amount of output per unit of time. Usually this results in either the same product costing less, or a better product for the same cost as a not as good previous one.
It's not clear how long it takes to assemble, box...Read More