Does a firm with the cost function experience economies of scale, diseconomies of scale, or neither? (2)-Q
Question:
Transcribed Image Text:
(2)-Q² %3D
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (22 reviews)
Diseconomies of scale Explanation A firm experiences e...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
A firm's technology for producing its output from labor (L) and capital (K) is The wage is $2 per unit of labor and the cost of capital is $5 per unit of capital. a. Does the firm's technology have a...
-
A firm's technology for producing its output from labor (L) and capital (K) is The wage is $4 per unit of labor and the cost of capital is $7 per unit of capital.a. What is the firm's MRTSLK? Does...
-
In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their...
-
Identify each of the following items relating to sections of a balance sheet as Current Assets (CA), Property and Equipment (PE), Current Liabilities (CL), Long-Term Liabilities (LTL), or Owners...
-
Many companies strive to continue to grow and develop. Some companies grow through the expansion of existing operations and increased utilization of existing assets. Others grow through the...
-
A river 100 m wide flows 3 m/s due south. A boat that travels 3 m/s relative to the water is pointed due east as it crosses from the west bank. Relative to its starting point, the boat travels (to...
-
Explain in simple terms why an aircraft climbs.
-
The following balance sheet is submitted to you for inspection and review. Appalachian Freight Company Balance Sheet December 31, 2011 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
A scuba diver is exploring a shipwreck at a depth of 30 meters in the ocean. The diver's tank contains 5.0 moles of compressed air at a temperature of 25C. What is the pressure of the air in the tank...
-
Lily Zhang started a new business on January 1, 2020, called Zhang Consulting. She develops financial investment plans for young adults. During the business?s first year of operations, the following...
-
Suppose Noah and Naomi's short-run weekly production function for garden benches is where L represents the number of hours of labor employed. The wage rate is $15 an hour. What is their cost...
-
Johnson Tools produces hammers. It has signed a labor contract that guarantees its 1,000 workers a minimum of 30 hours per week of work. The contract also doubles the regular $20 per hour wage for...
-
(a) Construct a gauge on [0, 4] that will force the numbers 1, 2, 3 to be tags of any d-fine partition of this interval. (b) Given a gauge 1 on [0, 4], construct a gauge 2 such that every 2-fine...
-
a. What is a metric? b. What role do metrics play in revenue cycle management?
-
What is the London Interbank Offer Rate (LIBOR)?
-
a. Define the term average collection period (ACP). b. How is ACP used to monitor overall revenue cycle performance? c. What is an aging schedule? d. How is an aging schedule used to monitor overall...
-
How do Eurocurrency markets differ from internal credit markets?
-
a. What is meant by the term revenue cycle? b. What are the three sets of activities that make up the revenue cycle? c. What is the overall goal of revenue cycle management?
-
Three points have coordinates A(7, 4), B(19, 8) and C(k, 2k). Find the value of the constant k for which: a. C lies on the line that passes through the points A and B b. angle CAB is 90.
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
1. Arrows up or down. When marginal cost is less than average cost, an increase in output_____ average cost. When marginal cost exceeds average cost, an increase in _____output average cost. 2. The...
-
1. Arrows up or down. When marginal cost is less than average cost, an increase in output_____ average cost. When marginal cost exceeds average cost, an increase in _____output average cost. 2. The...
-
1. Arrows up or down. When marginal cost is less than average cost, an increase in output_____ average cost. When marginal cost exceeds average cost, an increase in _____output average cost. 2. The...
-
Last year, a city had three school districts: North with a population of 5200 children, South with a population of 10600 children, West, with a population of 15100 children. Use Hamilton, Adams,...
-
Prepare the journal entry to record pension expense and the employer ? s contribution to the pension plan in 2 0 2 0 . ( Credit account titles are automatically indented when amount is entered. Do...
-
Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 July 28 45 30 $13 15 On June 1, Concord sold...
Study smarter with the SolutionInn App