Bull buying

4. costs what is this formula for: total cost/quantity provided
8. cost benefits that all firms in a industry can enjoy when the industry expands
9. as firms expand, they can afford specialist managers increasing efficiency
10. the costs saved a firm makes as it grows larger, arising from the increased use of large scale mechanical processes and machinery.
11. larger firms are more likely to have wider product ranges and sell into a wider variety of markets.
12. buying goods in large quantities

1. costs that do no vary with the level of output
2. costs that can be spread over more units of output for a larger firm making the average cost smaller.
3. large firms that buy lots of Resources get cheaper rates
5. costs benefited that an individual can enjoy when it expands
6. larger firms can get access to money for cheaply
7. costs that change when output level changes