Find an article, paper, or video which provides a real world application of that concept.Provide a...

Question

Find an article, paper, or video which provides a real world application of that concept.Provide a weblink so that others in the class can view the article.Discuss which concept is being covered and how it applies to real world economics.Here are some of the key concepts to choose from:

Marginal Utility

Consumer Equilibrium

Income Effect

Substitution Effect

Explicit Costs

Implicit Costs

Economic Profit

Law of Diminishing Returns

Economies of Scale

Diseconomies of Scale

Robert · Accepted Answer

Economies of Scale:
 Economies of Scale can be defined as the great level of production from reducing the 
fixed cost per unit. Economies of scale be able to occur in a number of areas inside a large 
venture. At the same time as the repayment of this thought in areas such as manufacture and 
purchase are understandable, economies of scale can too blow area like finance. For 
illustration, the major organizations repeatedly have a lesser cost of capital than smaller firms 
since they can have a loan of at minor interest rates. As a resultant,

Find an article, paper, or video which provides a real world application of that concept.Provide a weblink so that others in the class can view the article.Discuss which concept is being covered and...

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