Increasing Returns

I.e.: Egg producer (discovers/develops) a “super” mineral water that makes it possible to get more eggs from the same number of chickens. This technological improvement helps in the production of eggs with less feed, space, water, labor. Costs are reduced (ATC, MC).

I.e.: Egg producer (discovers/develops) a “super” mineral water that makes it possible to get more eggs from the same number of chickens. This technological improvement helps in the production of eggs with less feed, space, water, labor. Costs are reduced (ATC, MC).