These Economics W.I.R.E.D. activities recommend web links that
relate to key concepts of each chapter of the textbook. For each
link, there are instructions to guide you to specific
information, followed by several discussion questions or
exercises. Key Concepts: Case Study: Finding Average Cost at an
Individual Firm, Average Cost Curves, Costs and Production: The
Short Run, Costs and Production: The Long Run, Economies of
Scale in Production Read the design steps to review the basic
production process of a new electronic circuit board. Click on
"see Economies of Scale" under the "Production" section. Study
the "Economies of scale in Electronics Production." - Why is the
cost of final production heavily influenced by the number of
units manufactured? - Explain why the PC (personal computer)
industry typifies the economies of scale rule. - Review the
production costs and revenue associated with producing Ginseng
in Ontario, Canada at the Ontario Ministry of Agriculture, Food,
and Rural Which cost categories (e