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Ask a question to our educatorsWhat is the meaning of the term diseconomies of scale?
The text book definition is when "cost per unit rises as output rises." I think there's an answer somewhere that explains economies of scale. The problem is, things do not just keep getting cheaper as you produce more. There comes a point where costs begin to rise. On the diagram, it's the lowest point of the curve. So the definition is 'cost per unit rises as output rises'.
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