Define economies of scale and explain why they might arise. Define diseconomies of scale and explain why

Question:

Define economies of scale and explain why they might arise. Define diseconomies of scale and explain why they might arise.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Dec 14, 2012 06:58 AM

See More Questions

Explain briefly how economies of scale and scope can be developed in production, marketing, finance, research and development, transportation, and purchasing.
Explain how the DaimlerChrysler merger enhanced economies of scale and scope in the respective firms. How successful was the venture in attaining such economies?
Define demographics and explain why they are important to advertisers.
What are the pros and cons of Sephora carrying more than 200 brands of personal care products?
(Requires the subsection on Combining Subspaces, which is optional.) Suppose that V = V1 V2 and that V is isomorphic to the space U under the map f. Show that U = f(V1) f(U2).
If the interest rate on Spanish government debt is rising while that of Germany is falling: a. What does this tell you about the view of the markets on the two countries? b. If the interest rate is...
Water flows steadily between fixed vanes, as shown in Fig. P5.47. Find the $x$ and $y$ components of the water's force on the vanes. The total volume flow rate is \(100 \mathrm{~m}^{3} /...
A city in Ohio is considering replacing its fleet of gasoline-powered automobiles with electric cars. The manufacturer of the electric cars claims that this municipality will experience significant...
Do you think that people under the age of 18 should be required to wear protective helmets when skateboarding, in-line, bicycling, snowboarding, or skiing? Why or why not.
Crow Corporation, a public company, has set up a number of limited partnerships to pursue some risky development projects. The limited partnerships borrow money from various financial institutions to...
How and why does a firms average-total-cost curve differ in the short run and in the long run?
This chapter discusses many types of costs: opportunity cost, total cost, fixed cost, variable cost, average total cost, and marginal cost. Fill in the type of cost that best completes each sentence:...
You have been offered a job with a family-owned company. You are not related to anyone in that business. What factors should you consider in deciding whether or not to accept the offer?
Which statement is true? a) All of the 10 richest Americans inherited their fortunes. b) In order to make the top 10 list of American billionaires, you need a fortune of over $15 billion. c) The two...
Which statement is true? a) There are basically no arguments that can be made on behalf of trade protection. b) The arguments for trade protection are more valid than the arguments for free trade. c)...
If our trade deficit with China and Japan were 0, our total trade deficit would be reduced by almost $ _____billion.
The most crucial feature of monopolistic competition is ______.
In order for trade between two countries to take place, ___________. a) absolute advantage is necessary b) comparative advantage is necessary c) both absolute and comparative advantage are necessary...
Cyber-jurisdiction is the power of the court to hear a case based on Internet-related transactions. True/False
A bar of length = 1 has one fixed and one free end and stiffness function c(x) = 1 - x. Find the displacement when subjected to a unit force. Pay careful attention to the boundary condition at the...
How many lines of the following class contain compilation errors? A. None. B. One. C. Two. D. Three. E. Four. F. The answer cannot be determined with the information given. 1: class Fly { 2: 3: 4: 5:...
Just to make sure youve gotten enough practice using the different formulas in this chapter, lets try a challenging exercise with them. Very little information is given in the following table, but...
Entrepreneurs shift capital and labor across industries in pursuit of profit. Lets look at this a little more closely. Suppose there are two industries: a high-profit industry, Industry H, and a...
Weve claimed that the efficient way to spread out work across firms in the same industry is to set the marginal cost of production to be the same across firms. Lets see if this works in an example....
You observe the price of a latte changes from $4 to $5. Instructions: Round your answer to one decimal place. If you are entering a negative number include a minus sign. a. What is the percentage...
Layer 2 switches work at a simple level for communication and switching. With technology advancing and routers being able to make more complex decisions, why is this method still used?
Explore the significance of intermedial allusions in multimedia storytelling, such as in graphic novels or hypertext fiction, and their implications for narrative coherence and interpretation.

Define economies of scale and explain why they might arise. Define diseconomies of scale and explain why

Question:

Step by Step Answer:

Economies of scale exist when longrun average total cost falls as t...View the full answer

Principles of economics

Students also viewed these Economics questions