Costs of Production

1. Read the following articles and discuss how the "gig economy" that relies on freelance or contract workers impacted variable and fixed costs for businesses.

https://www.investopedia.com/terms/g/gig-economy.asp

https://www.ey.com/en_gl/growth/the-gig-economy--a-chance-to-control-your-costs-or-accelerate-yo

2. Choose an existing company in the market. Use the Internet and other resources to identify two variable and two fixed costs of production for the company.

3. Explain how the "gig economy" has impacted or may affect the variable and fixed costs of the company you selected for the analysis.

4. What are the pros and cons of using freelance skills or contract workers?

Minimum Efficient Scale (MES

Canadian businesses have had difficulty achieving the minimum efficient scale (MES).

Discuss why would that be and what are some possible solutions? What advice would you give to a company that would like to gain all of the possible economies of scale? Explain your answer.