Economies of Scale - A cool video

I found this really, really good video on Friday about economies of scale. A bitesize video so maybe most people have seen this but I hadn’t.

When I teach economies of scale, I also use a couple of products that kids can relate to in order to demonstrate bulk buying. For example, last year I brought in a can of coke and a multi-pack. Got the kids to work out the price of an individual can in the multi-pack. Perfectly illustrates bulk buying economies. I have also used a small bar of dairy milk and a giant bar. Kids can then eat the chocolate after.

Anyway, the video can be found here. You won’t be disappointed. Its amazing.

Enjoy….