What is Technical Economies of Scale

-An Internal Economies of Scale -Uses Production Line Methods to make Lots of Things at Low Cost -Purchase Specialised Equipment (robots) to Lower AC -Specialise for Workers - Increased Efficiency -Law of Increased Dimensions: Price you pay for a new Warehouse is related to Cost of Area of Walls and Roof. If the Dimensions of Walls and Roof doubled, the Area is 4x Greater - Cost 4x Greater. But the Volume is 8x Greater, so you get More Storage for your Money. -ALL of this assumes the Firm is Large