elloZzz!!!
hmm..
just came back band prac..
and a little bit of studying..
eos sux okie..
i dun understand at all..
eos--->increase in size of production-->more output but less cost. production cost spread over more units.woahhh...lrac curve shifts down for external eos (expansion of whole industry). mvt along curve for internal eos(expansion of a firm only).
plant economies-- expansion of firms--technological improvements--production increase.
1)specialisation: as size of plant increases, workers get specialised in the things they do. and as they do their job repeatedly, their skills improve, so take less time. cost decreases.
specialisation of machines. one machine suited to do only for job.
2) recycling of waste
blah blah blah..
cannot remember the rest..
ohhh..
this helps man..
ahaha...
hmmm...
i shall go finish up thhe eos set of notes later n start on market structure..
tml got vj to get mouthpc n do abit of maths..
den go dhs...
tml is dhssb's anniversary!!!
er...38 or 39 or 40
i cant remember...
ahaha..
den can do our band dance..
hooray!!!
ahahha..
i love dhssb!!!
ahaha...