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Economies of scale and the LRAC curve

3,188 views

EnhanceTuition

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

98%
  • 7:07 / 7:13

Speech Rate:

  • 157 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

benefits

/ˈbenəfit/

noun other verb

advantage or profit gained. Good results or effects, something advantageous. profit.

because

/bēˈkəz/

conjunction

for reason that.

falling

/ˈfôliNG/

adjective verb

moving from higher to lower level. To go from standing to the ground, by accident.

quantities

/ˈkwän(t)ədē/

noun other

amount or number of material or abstract thing not. Large amounts of some things.

expands

/ikˈspand/

verb

To make something larger in size, number, amount.

represents

/ˌreprəˈzent/

verb

To show or describe something in a particular way.

explaining

/ikˈsplān/

verb

To make clear or easy to understand by describing.

example

/iɡˈzampəl/

noun verb

thing characteristic of its kind. be illustrated or exemplified.

businesses

/ˈbiznəs/

noun other

commercial activity. Companies formed for making profit.

associated

/əˈsōsēˌādid/

adjective verb

connected with something else. To form a connection in your mind between things.

expansion

/ikˈspanSHən/

noun

action of expanding.

diversification

/dəˌvərsəfəˈkāSH(ə)n/

noun

Offering or owning a variety of goods and services.

require

/rəˈkwī(ə)r/

verb

need for particular purpose.

production

/prəˈdəkSH(ə)n/

noun

Process of making something on a large scale.

specific

/spəˈsifik/

adjective noun

clearly defined or identified. medicine or remedy effective in treating particular disease.

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