What is the difference between economies of scale and returns to scale?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Economies of scale depend on the relationship between cost and outputie how does cost c...View the full answer
Answered By
Patrick Busaka
I am a result oriented and motivated person with passion for challenges because they provide me an opportunity to grow professionally.
5.00+
38+ Reviews
58+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What is the difference between economies of scale and economies of scope?
-
What is the difference between economies of scope and economies of scale? Can two firms involved in a merger benefit from both economies of scale and economies of scope?
-
In the text, we stated that the LRAC curve initially slopes downward because of economies of scale. In the previous chapter we saw that the SRATC curve can initially slope downward because of...
-
Discuss the methodology of logical positivism and falsification in questions of a pre history of science and technology studies
-
In December 2014, Shire Computer's management establishes the 2015 predetermined overhead rate based on direct labor cost. The information used in setting this rate includes estimates that the...
-
How might Porters generic strategies theory help to explain why Electronic Arts lost its leadership in the videogame market to Activision Blizzard?
-
What is meant by replanning? b d b a d a C
-
You have identified relevant controls for several assertions within the revenue cycle, and you must use IDEA to perform several tests of controls. Required: a. ELM has a policy of using pre numbered...
-
What are the key challenges and opportunities in cross-cultural negotiation, and how can negotiators leverage cultural differences to build trust and reach mutually beneficial agreements in diverse...
-
1. Explain how Googles strategy has been developed over the years. 2. What are the strengths and weaknesses of its approach? 3. In what ways should Googles approach to strategy development change in...
-
Is the firms expansion path always a straight line?
-
The owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her work?
-
What is Googles core business? What are the pros and cons of managing a diverse portfolio of businesses?
-
Chose a single product and then collect 6 different sales proposals or quotations for it. Then analyze all six sales proposals. Analyze six of these proposals in these following category: - What are...
-
A bank has sold for $300,000 a European call option on 100,000 shares of a non-dividend paying stock. So S = 49, K = 50, r = = 5%, = 20%, T = 20 weeks The Black-Scholes value of the option is...
-
(a) Suppose the stock price S follows geometric Brownian motion with expected return and volatility rate such that dS = Sdt+Sdz. (i) Determine the process followed by the variable 5. (ii) State the...
-
(a) What is the average useful power output (in W) of a person who does 6.80 x 106 ] of useful work in 8.40 h? (b) Working at this rate, how long (in s) will it take this person to lift 1500 kg of...
-
A bakery uses 2 cups of sugar for a cake. Days Sunday Cakes Made 10 Monday 4 Tuesday 5 Wednesday 5 The chart shows the number of cakes they make each day of the week. Thursday 6 Friday Saturday 7 10...
-
Suppose that h and k are positive numbers. Match each equation to its graph (a-d). y = x + h-k
-
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
-
1. You are willing to pay $2,000 to have your house painted, and Pablos marginal cost of painting a house is $1,400. If you agree to split the difference, the price is ______, your consumer surplus...
-
1. Arrow up or down: In Figure, rent control _____ the quantity of apartments, _____ producer surplus, _____ consumer surplus, and _____ the total market surplus. 2. In Figure, rent control prevents...
-
1. Arrow up or down: In Figure, rent control _____ the quantity of apartments, _____ producer surplus, _____ consumer surplus, and _____ the total market surplus. 2. In Figure, rent control prevents...
-
https://youtu.be/-D2pIBKeHd4 1) List 4 characteristics of a good leader. Please give a specific example for each. 2) What stood out about Mr. Behar's comments and explain why. 3) Give an example of a...
-
1. The PREA survey focuses on three areas: financial performance, productivity and management practices. This survey seems to focus on improving operations from a management perspective. If you could...
-
Part 1: The Program Explain in detail: The program you identified within your specialization area(My specialization is Special Education)that is in need of evaluation. Be sure to include the purpose...
Study smarter with the SolutionInn App