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List Some External Economies of Scale and Some External Diseconomies

question 99

Essay

List some external economies of scale and some external diseconomies of scale that might be realized by an airline in an airport. How do these economies or diseconomies of scale affect the shape of the long-run industry supply curve?


Definitions:

Prices

The amount of money or exchange value that is asked for goods and services in the market.

Monthly Income

The total amount of income received on a monthly basis from all sources including wages, salaries, benefits, and investments.

Hot Dog

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a fast-food.

Price

The quantity of cash forecasted, demanded, or paid in return for an item.

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