0% Plagiarism Guaranteed & Custom Written

Adam Smith’s example of the pin factory demonstrates that economies of scale result from specialization.

05 / 03 / 2018 Assignment

This paper circulates around the core theme of Adam Smith’s example of the pin factory demonstrates that economies of scale result from specialization. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 45. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Fixed costs are those costs that remain fixed
no matter how long the time horizon is.

32. Diseconomies of scale often arise because
higher production levels allow specialization among workers.

33. The fact that many decisions are fixed in the
short run but variable in the long run has little impact on the firm’s cost
curves.

34. In some cases, specialization allows larger
factories to produce goods at a lower average cost than smaller factories.

35. The use of specialization to achieve
economies of scale is one reason modern societies are as prosperous as they
are.

36. As a firm moves along its long-run average
cost curve, it is adjusting the size of its factory to the quantity of
production.

37. Because of the greater flexibility that firms
have in the long run, all short-run cost curves lie on or above the long-run
curve.

38. There is general agreement among economists
that the long-run time period exceeds one year.

39. Adam Smith’s example of the pin factory
demonstrates that economies of scale result from specialization.


100% Plagiarism Free & Custom Written


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee
FLAT 25% OFF ON EVERY ORDER. Use "FLAT25" as your promo code during checkout