Question: a) What is the difference between external and internal economies of scale? (2 pts) b) What are the three main sources of external economies

a) What is the difference between external and internal economies of scale? (2 pts) b) What are the three

a) What is the difference between external and internal economies of scale? (2 pts) b) What are the three main sources of external economies of scale? Explain (5 pts)

Step by Step Solution

★★★★★

3.54 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Difference between External and Internal Economies of Scale Internal economies of scale refer to c... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

A company makes and sells a single product. The selling price is 12 per unit. The variable cost of making and selling the product is 9 per unit and fixed costs per month are 240,000. The company...

An invoice for kitchen appliances is dated December 23 and is paid on January 14 of the following year. Credit terms are 2/15, n/45 E.O.M. The total amount, $497.48, includes a charge for freight and...

Two special cases might result in indifference curves that look a little different from the ones discussed in the text. a. If two goods are perfect substitutes, that means the consumer would always...

Use both FIFO and WEIGHTED AVE in computing the required balances: June 1 Balance800 @ P4.00 June 3 Issued50 June 5Purchased300 @ P4.50 June 6 Issued250 June 15 Issued 400 June 18 Purchased 300 @...

a) What is the difference between external and internal economies of scale? (2 pts) b) What are the three main sources of external economies of scale? Explain (5 pts)

a) What is the difference between external and internal economies of scale? [2 pts) b) What are the three main sources of external economies of scale? Explain (5 pts).l

\f\f\fChapter 2 Service Strategy Learning Objectives After completing this chapter, you should be able to: 1. Formulate a strategic service vision. 2. Describe how a service competes using the three...

tts Richard Cote holds a job, operates a small farm, and makes numerous investments. A description of his financial activities for 2021 is given below. 1. Richard is a lawyer and is employed in the...

eco009 Show, by means of a labelled diagram, the market demand and supply curves for games consoles e.g. Xbox, PlayStation, Nintendo DS. Identify and explain the market equilibrium position. (ii)...

question 7. (a) The "Law of Comparative Advantage' suggests that specialisation and trade increases world output. (i) Explain the meaning of the underlined term in the context of international trade....

A piece of silver wire has a resistance of 1 2. What will be the resistance of manganin wire of one-third the length and one-third the diameter, if the specific resistance of manganin is 30 times...

1. Do you think the company should offer merit pay increases? Why or why not? 2. If the company chooses not to offer the merit pay increases, how should they approach explaining the decision to the...

The numerator of the _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ shows the revenues found on a company's income statement ( another name for the Statement of Operations and Profit & Loss...

Beans and other legumes are a great source of protein. The following data give the protein content of 30 different varieties of beans, in grams per 100 grams of cooked beans. a. Make a stemplot of...

A corporation must disclose in the annual report how inventory is valued and costed. Go to the Balance Sheet of five retail stores, such as The Home Depot (www.homedepot.com), American Eagle...

Review the case file at the beginning of the chapter. Write a brief memo to Monica Graham explaining the difference between arbitration and litigation.

A share of Formila Corp. is currently trading at $38.50, and a 1-year call option on Formila with X = $40 is trading at $3. The risk-free interest rate is 4.5%. a. What should be the price of a...

a. Use Tchebychevs inequality to show that if E(X n ) = n and var(X n ) = 2 n

Consider a 40-year-old woman who gets a positive mammogram. The woman has no other risk factors. The probability that she has breat cancer is 0.02.

In Problem round answers to four decimal places. A fair die is rolled four times. Find the probability of obtaining Exactly three 6s.

Repeat Problem 44 if the profit on a five-speed bicycle increases from $70 to $110 and all other data remain the same. If the slack associated with any problem constraint is nonzero, find it.

The number on the first die is a 6 or the number on the second die is a 3. In Problem use the equally likely sample space in Example 2 to compute the probability of the following events: Data from...

a. Draw a line graph of the pmf of X in Exercise 35. Then determine the pmf of and draw its line graph. From these two pictures, what can you say about V(X) and ? b. Use the proposition involving to...

Show that the cdf F(x) is a nondecreasing function; that is, implies that . Under what condition will ? F(x1) 5 F(x2) F(x1)

A small market orders copies of a certain magazine for its magazine rack each Suppose the store owner actually pays $2.00 for each copy of the magazine and the price to customers is $4.00. If...