Please watch the following videos and then, using economic analysis, please answer the questions below.
Video #1 on Economies of Scale: “Why Chicken Sandwiches Don’t Cost $1500”
Video #2 on the Learning Curve: “The First 20 hours — how to learn anything | Josh Kaufman”
1) Describe an activity, process, or product of your company that exhibits economies or diseconomies of scale. Describe the source of the scale economy. How could your organization exploit the scale economy or diseconomy?
2) Describe an activity, process, or product of your company characterized by learning curves. Describe the source of the learning curve. How could your organization exploit the learning curve?
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