Q: What are economies of scale? Give an example. What are the diseconomies of scale? Give an example.
A: Production cost includes all the direct and indirect costs. With the increase in the firms, the…
Q: Tolal Fbed Total Varlable Cost Tatal Total Cost Cost Variable Cost Flved Cost Product Cast 60 00 45…
A: FIXED cost is independent of output produced thus the required fixed cost is $ 60 whereas variable…
Q: Explain two reasons due to which economies of scale may arise. Write your answer within 40 words.…
A: Economies of scale refer to the cost advantage of the firms when they increase production. Economies…
Q: The average cost is $13 and the output produced is 10 units Calculate total cost
A: The average cost is the cost per unit of output. Total cost is the total expenditure that keeps on…
Q: Economies to scale refer to
A: Companies benefit from economies of scale as manufacturing gets more efficient.Economies of scale…
Q: If Boeing produces 9 jets per month, its long-runtotal cost is $9 million per month. If it…
A: Costs are the expenses that firms incur during the production processes. The firm’s costs depend…
Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…
A: Fixed cost does not depend on quantity produced. It remains fixed. Variable cost increases with…
Q: Explain economies and diseconomies of scale. Give an example of each.
A: Costs are the expenses that firms incur during the production processes. The firm’s costs depend…
Q: explain with graphs the difference between economies of scale, economies of scope and returns to…
A: Economies of Scale An economy of scale is the expense advantage an organization has with the…
Q: Why do Economies of Scale Occur? A. Large firms cover their fixed costs by producing lots of units…
A: Fixed cost is constant and remains same at all levels of output. Average cost refers to total cost…
Q: Explain the Law of Returns to Scale with the help of an example.
A: Long run refers to a period of time in which all the input of the firm are totally variable, that…
Q: What are the effects of cost reduction ?
A: Answer - Cost of Reduction - Cost of reduction is method to increase productivity and reduce the…
Q: Does a relationship exist between increasing returns to scale and long-run average cost? Ex with the…
A: Economies of scale or increasing returns to scale are utilized conversely; both implies to a fall in…
Q: Define and explain the difference between economics of scale and economies of scope. Include an…
A: Definition: Economies of scale are cost-saving strategies in a production process by increasing the…
Q: Cost (thousands of $) The graph shown on the right represents the cost C (in thousands of dollars)…
A: Cost refers to all the expense as well as the expenditure in a production process. These expenses…
Q: Find 10 problems related to variable cost and solve it.
A: Variable cost is such a cost which vary directly with the level of output. They can be of two types…
Q: Output Total Variable Marginal Variable Fixed Total (Q) Fixed Cost Cost Total Cost Cost Cost Cost…
A: Marginal cost is the additional cost incurred with an additional unit of output produced.
Q: Which long-run average total cost (LRTC) graph exhibits diseconomies of scale? LRATC LRATC
A: "Correct option is the first graph which is upward sloping."
Q: Write a short note on Increasing economies of scale – meaning and effect on costs
A: The production function depicts the technical association between the quantities of output (Q) that…
Q: 1. Economies and Diseconomies of scale 2. Graph of marginal cost, average cost and average total…
A: Hi! Thank you for the question but as per the guidelines, we only answer one question at a time.…
Q: Explain the difference between economies of scale and economies of scope with an example.
A: Answer to the question is as follows:
Q: Explain the difference between economies of scale and economies of scope with an example. Please…
A: Answer: Economies of scale: When a firm's average cost of production decreases due to an increase in…
Q: Find total cost given that:- Fixed cost = $90 Variable cost = $45
A: The data presented in the question above is:- Fixed cost = $90 Variable cost = $45 Total cost is…
Q: 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $250 and the…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not…
Q: Differentiate economies of scale and economies of scope
A: Meaning of Economics of Scale: The term economics of scale refers to the situation under which the…
Q: Average cost is $30 and the total cost is $900 Calculate the output
A: Average cost is the per unit cost of producing an output.
Q: What factors give rise to increasing returns to scale and decreasing returns to scale?
A: Increasing returns to scale means when all inputs are increased, the output is increased by more…
Q: Give business examples of short-run costs, economies of scale, and minimum efficient scale (MES).
A: At the Mininum effiecient scale point, the company could achieve the economies of scale being…
Q: 1. Economies of scale Vision Source is a cable television provider. In the long run, Vision Source…
A: Average total cost (ATC) = Total cost (TC) / Output (Q) When Q = 20,000, ATC = 700,000 / 20,000 = 35…
Q: Compare and contrast: a) Average fixed cost vs. Total fixed cost b) Total variable cost vs. Average…
A: Differentiate between Average fixed cost and Total fixed cost:- Average fixed cost Total fixed…
Q: y C= 600 + 40Q^0.3 + 5 Q^2: a) Find out the fixxed cost, variable cost, margina ost average variable…
A: Variable costs vary based on the amount of output produced. Variable costs may include labor,…
Q: 4. Firm's Costs Your cousin Vinnie owns a painting company with fixed costs of $200 and the…
A: * SOLUTION :- By using the formulas we write the table AFC=FC/Q AVC=VC/Q ATC=AFC+AVC
Q: Define Average unit cost,
A: There are different types of cost in production, total cost, average cost and marginal cost. Total…
Q: Define economies of scale and explain why they mightarise
A: Economics of scale are the result of production efficiency. It can be a reason for a larges firms to…
Q: Economies of scale are of two kinds
A: With an increase in the production of output, the firm will enjoy a cost advantage, this is known as…
Q: Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may…
A: The long-run average total cost curve declines because apparently, the firm becomes efficient in…
Q: Critically demonstrate the key difference between the two economies of scale.
A: Economies of scale are the cost advantages that businesses gain as a result of their size, and are…
Q: Explain the concept of economies of scale. Identify two reasons why economies of scale exist. 1-2…
A: Explain the concept of economies of scale. Economies of scale :- It means mass production of…
Q: If marginal cost is less than the average variable cost and output increases, average total cost…
A: Total cost is the sum of total variable cost and total fixed cost. Total variable cost changes with…
Q: Economies of scale occur when the long run total cost is decreasing the long run total cost is…
A: In a market, organizations may face all the three faces of cost, such as increasing, decreasing or…
Economies of Scale
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- Give and identify three compelling opportunities from macro-environment and microenvironmental sources Opportunity Source Findings Potential Product or Service Example: Political Legal All individuals in the community are not allowed to go out without wearing face mask due to COVID-19 virus. Supplies of affordable face masks.A nation’s population size and the affluence of its citizenseach influence its resource consumption and environmentalimpact. As of 2013, the world’s population passed 7.1 billion,average per capita income was $11,690 per year, and the latest estimate for the world’s average ecological footprint was2.7 hectares (ha) per person. The sampling of data in the tablewill allow you to explore patterns in how population, affluence,and environmental impact are related. Draw a graph illustrating total impact (on the y axis) inrelation to affluence (on the x axis). What do the resultssuggest to you?https://www.researchgate.net/publication/282761816_The_victims_of_unsustainability_A_challenge_to_Sustainable_Development_Goals What are the three things that are unclear to you about the article? Elaborate them.
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- Pls explain in details ,and no plagiarism. modern ideologies that rely on short term economic profits and scientific traditions based on reductionistic cause affect relationships are failing to explain and address the complex dynamic into relations among economic, environmental, and social aspects and the time perspective. Is this true or falseCountry % share of World Population 2011 % of World GDP 2011 % of World Energy Consumption 2011 US 4.5% 17.1% 18.5% Europe 11.3% 21.5% 24% India 18% 6.4% 4.4% China 19% 14.9% 20.7% 1.Consider the percentage shares of World Population, GDP, and Commercial Energy Use for some major countries(US, Europe,India, China) in 2011. How do you think the situation will look like in a future (say 2050) more sustainable world? ( 1 to 2 Paragraphs)2. List three examples of energy production and use practices that you think are unsustainable. Also explain why they are unsustainable and how we might make each of them more sustainable. (Short Paragraphs for each of three examples)Essay. What is the difference between renewable and nonrenewable resources? How important is it in business? Explain
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