The hypothesis, (as stated in the title) of E.F. Schumacher’s seminal book Small is Beautiful belongs to the industrial age and has no relevance to our contemporary Web 2.0 world. Is this statement true? Why or why not? add one reference please
Q: Which of the following is true: A. Long Run Average Total Costs are always smaller or equal…
A: The first statement is True. This is because in long run, all factors of production are variable and…
Q: In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country.…
A: A natural monopoly is a type of monopoly that exists due to the higher cost of set-up and operations…
Q: A local entrepreneur has built a successful business which is still growing. He is aware that the…
A: A local entrepreneur has built a successful business which is still growing. He is aware that the…
Q: Which of the following is true of profits and losses? Profits direct entrepreneurs toward production…
A: Profit: The profit is the excess of the revenues over expenditure at the given period of time…
Q: Suppose you are the owner of a tech startup company with a valuation of $10 million and industry…
A: Considering that the new company is the first technology company, the scope of these companies is…
Q: technological change that permanently lowered energy costs would cause the: Group of answer…
A: In an economy, there are various factors that influence the aggregate demand and aggregate supply…
Q: Total revenue for producing 10 units of output is $5. Total revenue for producing 11 units of output…
A: Marginal revenue can be defined as the additional revenue with each unit change in quantity.…
Q: Billionaire real estate mogul Glenn Rhee owns two large parcels of land in Alexandria, VA: Greenacre…
A: Greenacre was purchased by Walker Treatment Inc., which is a hazardous materials treatment center.…
Q: If a firm operates in a demand-driven market, then it should expect to face: a. Massive…
A: The demand-driven market is a market that works according to the latest trends in the market.
Q: Question 20 Which level indicates the point of maximum economic efficiency? lowest point on AC curve…
A: Maximum economic efficiency indicates the optimal situation where the production process works at…
Q: Introduction to Calculus in Economics (continued): In the previous Problem Set question, we started…
A: Differentiation is the process of finding derivatives. It basically gives the rate of change in one…
Q: Select choices which are true about Total Costs. (Select all that apply.) Question 38 options:…
A: Total cost is defined as the total expenses that a company or firm has to incur in order to produce…
Q: What is the relationship between economies of scale and intra-industry trade? Group of answer…
A: In a market, intra-industry trade refers to exchange of goods or resources within a specfiic…
Q: Suppose a firm's patent expires. In this case, the market price of the good/service will _____ and…
A: As shown in the diagram ATC is the average total cost and MC is the marginal cost. The point at…
Q: Economists describe short-run decisions as "constrained" decisions, while long-run decisions are…
A: The factors of production are the factors that are being used in the process of production by the…
Q: Which of the following is true of the relationship between Average Cost and Marginal Cost Select…
A: Average Cost refers to the per-unit cost of production, it means both fixed and variable costs are…
Q: State the relationship between average variable cost (AVC), and marginal cost (MC) when AVC is…
A: 1. AVC (Average variable cost) is decreasing, when the MC (Marginal cost) is less than AVC (Average…
Q: Geographic diversification across national boundaries often hurts a company's performance because…
A: Diversification across national boundaries refers to a company entering foreign markets.
Q: Please give one example for each of the following terms that will be appropriate for your company:…
A: Business-to-business electronic commerce, or B2B e-commerce, is the selling of products or services…
Q: This question illustrates the argument on p.114 of the book. A and B own neighboring properties.…
A: "Since you have posted a question with multiple sub -parts,we will solve first three sub-parts for…
Q: A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu…
A: The sunk costs are the expenditure incurred by a firm or business that is non-recoverable or on…
Q: A firm has $200 million in total revenue and explicit costs of $190 million. Suppose its owners have…
A: Opportunity cost =10% of $100=$10 Economic profit =total revenue - total cost(explicit + implicit)…
Q: Refer to the diagram above, in this instance, at the range of output represented a point c,…
A: TC and TR approach is one of the way to determine to profit maximized condition for the firm. In the…
Q: In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country.…
A: Detroit creates natural independence. It means that the company achieves a level of economy in its…
Q: Refer to the figure below to answer the questions. 1.) A corn producer's profit is RM200 and is…
A: The marginal revenue is the additional revenue earned from the sale of one more unit of good. Total…
Q: A group of three plants that is owned and operated by a single firm and that consists of a farm…
A: Vertical integration is a strategy whereby a company owns or controls its suppliers, distributors,…
Q: Average variable cost is always increasing as output increases whenever... Group of answer choices…
A: Variable cost refers to the cost that changes as output or production changes. Average variable cost…
Q: What are some factors of production which are important for any firm to produce goods. These factors…
A: Factors of production are one of the requirements that would lead to the good or service, in the…
Q: According to the Resource-Based View, which of the following is most likely to result in sustainable…
A: The answer is - Access to tangible resources that are currently producing significant value.
Q: In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country.…
A: The principal-agent problem refers to a conflict of priorities that exists between an agent and the…
Q: The graphs suggest that in the long run, assuming no changes in the given information,
A:
Q: A key advantage of a decentralized organization is ________. Group of answer choices frequently and…
A: A key advantage of a decentralized organization is frequently and involve immediate decisions.
Q: For each of the following events identify which of the determinates of demand or supply are…
A: 1. A stock market crash, will bring about a decrease in the wealth of the people, which will result…
Q: Alec and Ellie are the only detectives in the town of Broadchurch. They work together. Assume…
A: In this question we have to find out the additional paperwork files to be given up with the help of…
Q: A group of entrepreneurs has launched a privately funded spaceship and has created the beginnings of…
A: The New Space sector has its sights set on space tourism, which is predicted to increase to at least…
Q: QUESTION Given TC = 100 + 60Q – 12Q2 + Q3 find: (a) The equations of the TVC, AVC, and MC…
A: Marginal cost is the additional cost incurred by producing one extra unit of output. Variable cost…
Q: For each of the following scenarios, identify the number of firms present, the type of product, and…
A: Mainly there are four types of market structures. They are: Perfect competition: Perfect competition…
Q: Suppose that in 2018, you inherited from your grandfather a small planetarium that had been closed…
A: A small planetarium has been inherited by a person from his grandfather in the given problem. The…
Q: Refer to Scenario 14-2. To maximize its profit, the firm should increase its output. continue to…
A: Perfect competition is a market structure where a single firm has no effect on the price of the…
Q: this a good example of a sunk cost? Why or why not? “As an entrepreneur, advertising your product…
A: Yes, money spent on advertising and marketing is a sunk cost. A sunk costs is a cost that you have…
Q: According to Sutton's theory, which of the following statements about is NOT correct about…
A: John Sutton has explained why many manufacturing industries or firm have remained highly…
Q: Imagine you own your own business. Based on what you learned from the simulation, what factors would…
A: The firms total costs are equal to the sum of its variable costs and fixed costs. Fixed costs are…
Q: Draw a graph with $ on the Y axis and wins on the X axis that includes the following curves: Total…
A: Profit is maximized at the point where the distance between total revenue (TR) curve and the total…
Q: Tony Keonte owns a factory that manufactures Eye-Games. His weekly profit (in thousands of dollars)…
A: Profit (P) = - 4x2 + 80x - 300 When profit is zero, - 4x2 + 80x - 300 = 0 4x2 - 80x + 300 = 0 x2 -…
Q: Determine whether each of the statement is true, false, or uncertain. If the statement is false or…
A: Economies of scale means production at large which reduces the per unit cost of firm .
Q: The small family company that you manage has invested $35,000 in developing a new product, but the…
A: When individuals or firms makes economic decision, they generally make cost-benefit analysis to know…
Q: Hello, I would like to request help with the below discussion question for my Quantative Analysis…
A: We are going to execute profit maximisation method to answer this question.
Q: Suppose this firm has the capacity to produce up to 11 airplanes of this particular type. If the…
A: For maximizing Total Revenue the corporation would like to sell as much as they can produce. TR will…
The hypothesis, (as stated in the title) of E.F. Schumacher’s seminal book Small is Beautiful belongs to the industrial age and has no relevance to our contemporary Web 2.0 world. Is this statement true? Why or why not? add one reference please, between 150-200 words only
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The improvement in output per worker due to adopting new technology could be shown as (Select one from the picture attached)Springfield is a small town with a total civilian population of 800. Of this population, 125 are under the age of 16. Of the population 16 and over, there are 350 working full-time and another 50 working part-time. Of the remaining adult population, 30 people recently quit their jobs in order to look for better employment. Finally, there are 40 full-time students (not working), 180 retired and another 25 stay-at-home spouses.Over the last several decades improvements in computer software, hardware and robotics have dramatically altered the ability of machines to do complex repetitive tasks. Discuss the implications for semi-skilled skilled workersas a result of this improvement. Discuss how the cost of the new technology influences the choice of inputs used in production and the rate of adoption of the new technology. Can you please answer this question so there will be no plagiarism, you have answer for this question in your website, but more likely it is already copied by someone else
- Complete all of the following definitionsA Vietnamese restaurant in Port-of-Spain decides to use a part of its dining hall to sell Vietnamese grocery items. How do you classify this expansion? a.None of these other available answer choices is b.Economies of scale c.Diseconomies of scope d.Economies of scope e.Economies of scaleQ4 (i) A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6t2 + 5t (t + 1)2. What happens to production in the long run ? (ii) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x) /x3 + x2 + 4x.Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?
- Someday, if you want to be an economist or to study more about economic analysis, what platform you will implement to sustain the development of cost estimating fundamentals?Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is difficult to launch a new product with only some 3 million citizens as your potential clients, launching a new product without thoroughly studying the market needs is not a good idea. An Omani entrepreneur Qais Al-Khonji admits that he failed at his first startup because he did not research the market’s needs, and did not follow a lean methodology. But Al-Khonji has embraced his failure, and moved on to his next projects. “I try and learn even though this means losing. I consider the benefits to be in learning and failure a step towards success,” he says. He's started five startups in the past three years, and he's embraced failure with most of them, closing down four. But business is what he loves, and he's ready to get back up and do it again. “I want to be my own boss and work at what I love doing,” he admitted. Al-Khonji worked in banking for many years and in 2010, he decided to…This is part 1 of a multi-step problem.
- Which one of the following descriptions is CORRECT?All of these statements about the production function are true EXCEPT a) the curve features 3 distinct regions: increasing returns to scale, constant returns to scale, and diminishing returns to scale. b)the curve's shape matches and its description of the interaction between the graph's axes represents the law of diminishing returns c) it can be applied to many economic markets d) one variation is used to show the difference between firm and market specific riskGive typing answer with explanation and conclusion The roller coaster at Treasure Island Amusement Park consists of 20 cars, each of which can carry up to two passengers. According to a time study, each run takes 2.0 minutes, and the time to unload and load riders is 4.0 minutes. What is the the theoretical capacity of the system in number of passengers per hour? Round your answer down to the nearest whole number.