Critically discuss the economic concept at work in the scenario below:

"Nouvelle Nougat experienced a boom under the national lockdown and the opening of its online store. In one week the patisserie fulfilled 250 orders. To capitalize on this market, the owners, Nou and Elle, hired two additional pastry chefs, which gave them a total of 10 pastry chefs working in the kitchen. As a result, input of resources, increased by 25% and output increased by 82%."

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The economic concept at work in this scenario is the principle of economies of scale Economies of scale refer to the cost advantages that a business c... View the full answer