Explain how a firm can have constant returns to scale in production and economies of scale in

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

Question:

Explain how a firm can have constant returns to scale in production and economies of scale in cost.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: Jun 07, 2022 01:20 AM

See More Questions

Can there be constant returns to scale in an industry with an upward-sloping supply curve? Explain.
Explain how a firm can increase its profit by price discriminating. How does it determine optimal prices? How does the existence of substitute products affect the firms pricing policy?
Explain why an industry experiencing constant returns to scale is just the right size.
Monroe Inc. is an all-equity firm with 500,000 shares outstanding. It has $2,000,000 of EBIT, and EBIT is expected to remain constant in the future. The company pays out all of its earnings, so...
Net income was $500,000 in 2012, $485,000 in 2013, and $518,400 in 2014. What is the percentage of change from (a) 2012 to 2013, and (b) from 2013 to 2014? Is the change an increase or a decrease?
Was either Jeffrey or Brittany engaged in protected concerted action under the National Labor Relations Act when they made their Facebook postings? May Goalpost terminate them? Are Goalpost's threats...
Identify and discuss the characteristics that make accounting information useful.
Use the information in RES-7. Calculate Uncle Butchs Hunting Supply Shops ending inventory' using the retail inventory method under the lower of average cost or market assumption. Round the...
Casella Waste Systems Audit. (CWST) No additional information Is the present structure consistent with current corporate objectives, strategies, policies, and programs, as well as with the firm's...
Etep lives permanently in New Hampshire and works at UMass Lowell. She teaches in-person three days a week (Monday/Wednesday/Friday) and works from home (in New Hampshire) on the other four days. She...
On January 5, 2021, PPP was sued by a customer that claimed that they had a fire in their home as a result of the defective power tool that was sold to them by PPP. The customer is suing PPP for...
What would be the compounded annual interest rate you would need to double your $1,000 investment in three years? (5 points) Step-by-step explanation Future Value = Present Value X (1 + Interest...
Write about an event called youth fest in your university that you organized how did you do it. What was the budget for your event ? What was the Time period for that project? Were you able to...
Aurora Manufacturing Inc. purchased and later sold a machine. Details relating to the machine are below. Acquisition cost $162,000 Date of purchase 1-Oct-20 Date put into use 1-Nov-20 Estimated...
Review the Filter Bubble video Beware online "filter bubbles" Eli Pariser https://www.youtube.com/watch?v=B8ofWFx525s&t=26s What examples have you seen where a website has customized your content? ...
Let W= H : x, y = R, 1-y=1 is a subset of R2. Determine whether Wis a subspace of R or not.
If an issuer retires a debt issue before maturity, the specific amount paid to do so is called the: amortized payoff. call price. sinking fund amount. the discount. par or face amount.
What is a lobbyist in US? How did this term emerge?
Public Schools and Private School Vouchers: Consider a simple model of how economic circumstances are changed when the government enters the education market. A: Suppose a household has an after-tax...
A: Since we are assuming that each hamburger comes with 1 ounce of grease that has to be picked up, we can think of this as a single input production process (using only labor) that produces 2...
Throughout part A of the text, we used the technology we called more realistic in panel (b) of Graph 11.1. A: Suppose now that the producer choice set was instead strictly convex everywhere. (a)...
Describe the process of valuing the entrepreneurs ownership interest in a two-stage investment. Refer to Tables 13.10 and 13.13. Data from table 13.10 Data from table 13.13 Market potential...
Euro Exchange Rates. The exchange rate that we consider is the amount of euros that one can purchase for one U.S. dollar. We have $T=699$ daily observations from the period April 1, 2005, through...
Evaluate the current yield curve level and structure using the following screens: a. YCRV or GC to access yield curves. b. FWCV to determine implied forward rates. c. USoo03M, USoo06M, USoo09M, and...

Explain how a firm can have constant returns to scale in production and economies of scale in

Question:

Expert Answer:

A firm can have constant returns to scale in production at ... View the full answer

Microeconomics An Intuitive Approach with Calculus

Students also viewed these marketing questions