What are economies of scale? Give an example. Is there a limit to them? Explain.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Economies of scale are the economic conditions that favour larger plants and equipment by cau...View the full answer
Answered By
Deepak Pal
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students. Areas of interest: Business, accounting, Project management, sociology, technology, computers, English, linguistics, media, philosophy, political science, statistics, data science, Excel, psychology, art, history, health education, gender studies, cultural studies, ethics, religion. I am also decent with math(s) & Programming. If you have a project you think I can take on, please feel welcome to invite me, and I'm going to check it out!
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
Question Posted:
Students also viewed these Management Leadership questions
-
What are economies of scale and diseconomies of scale? How do they arise? What do they imply for the shape of the LRAC curve?
-
When are economies of scale possible? In what types of businesses would you most likely find economies of scale?
-
Why are economies of scale central to the argument that monopolies may end up producing more and charging less than perfectly competitive firms?
-
Soft Glow, Inc. manufactures light bulbs. Their purchasing policy requires that the purchasing agents place each quarter's purchasing requirements out for bid. This is because the Purchasing...
-
What are business strategies?
-
Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $ 100,000 apiece. The sequesters last for only 1 year before becoming saturated. Then the carbon is sold to the...
-
What are the main factors considered when writing a report?
-
A Pentecostal nurse claims she was constructively discharged after refusing to assist in medical procedures she considered to be abortions because of her religious beliefs. She was initially...
-
Type of Bond Yield 1- year 0.2% 2- year 0.3 3- year 0.5 Using the expectations theory, compute the expected one-year interest rates in (a)the second year (Year 2 only) and (b)the third year (Year...
-
What role, if any, do aquifer depletion, overdrawing of surface waters, and salinization of irrigated soil play in the water problems associated with the Ogallala Aquifer and the Colorado River...
-
What is meant by the term capacity' chunks"? What are the reactive and proactive strategies for timing capacity increases? Should essential services such as utilities use the reactive or proactive...
-
How do electrical utilities meet abnormal peak demand? Name three ways.
-
You are the manager of the Midwest Region, a 27-restaurant division that is part of the chain Bites and Bits. The restaurants offer casual dining and compete with such chains in your region as Olive...
-
Arbitration Brief : each team will Write a Brief. The Brief forms the basis of your oral presentation during the Arbitration Hearing. You will submit your brief the day of your hearing. The following...
-
An old castle belonging to 200 years ago has four towers. One of these towers has rotated and tilted and so it is not vertical anymore (below figure). Tilted tower Question: Mention at least 3...
-
Draw sequence diagram for the following scenario: The customer begins the interaction by searching for a book by title.The system will return all books with that title.The customer can look at the...
-
A Region East East Fart East Fart East Fam East Fam East Com East H East E East Fam East Fam East Fam East Fam East Fam East Fam East Fam East Com East Fam East Com East Fam East C East C East Fam...
-
Quattro-Canna Holdings wants to generate deeper insight concerning downstream industries'attitudes towards the marketing strategies used and their level of effectiveness...
-
Find the derivatives of the function. r = 1 2 =(/ + 0 + Ve
-
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
-
Discuss some of the disadvantages of U.S. companies using Chinese suppliers that might drive them to near-shore their supply chains.
-
For the Somerset furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a time line from the initiation of a purchase order to product delivery....
-
For the Somerset furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a time line from the initiation of a purchase order to product delivery....
-
Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 18,000 28,000 300,000 450,000 York's outstanding stock consists of 80,000 shares of...
-
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...
-
Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 20Y7 20Y6 Cost of goods sold $3,864,000 $4,001,500...
Study smarter with the SolutionInn App