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Dear Sir
Please help
Total cost changes:
Low production levels: steeper cost rises due to inefficiencies (no economies of scale)
Up to optimum production level: flatter cost rises due to efficiencies (previously unutilised capacity)
Excess of optimum production level: steeper cost rises due to bottlenecks/break-downs/managing complexityAgain, all you have done is write some statements without saying what help you need!
I have no idea where you got the quotes from, but it will be more useful for you to watch my free lectures. (I cannot type them all out here 🙂 )
My lectures are a complete free course for Paper F5 and cover everything you need to be able to pass the exam well.
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