Unit 1 Micro: Inside a Biscuit Factory
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This five minute video is superb for illustrating economies of scale in the production - we take a trip through the United Biscuit factory to see how millions of products are made every day. The commentary is a little simplistic but as a visual aid it is brilliant. A great example to use of capital intensity in production and the nature of supply curves and the elasticity of supply. Here is the link to use
Tags: supply, production, economies of scale, manufacturing, capital intensive, mechanisation
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