Analysis of production and costs

Assignment Help Microeconomics
Reference no: EM1371758

Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.

Reference no: EM1371758

Questions Cloud

Linear prodcution possibilities frontier : Draw linear PFF representing the tradeoff between hot dogs and buns with 120 million workers available.
Economic opportunities and threats : Analysis of Strategic Management - Explain what major forecasting techniques would you use to identify economic opportunities and threats
Describe the macroeconomic and microeconomic concepts : Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Progarm to calculate unit price for products sold : Manager of Super Supermarket would like to be able to calculate unit price for products sold there. To do this, program must input name and price of the item and its weight in pounds and ounces.
Analysis of production and costs : Will firms in industries, in which high levels of output are necessary for minimum efficient scale, tend to have substantial degrees of operating leverage? Please explain.
Determining mc and mr for given functions : Employ the following equation to demonstrate why firm producing at the output level where MR=MC will also be capable to maximize its total profit.
Dynamics of trade over long distances : Explain how freight charges change the dynamics of trade over long distances and research at least two companies that have tried to increase sales by revising freight charges
Question about pricing strategy : Before breakup of AT&T, the company charged a price for local telephone services that was roughly one-half of its cost of providing the services. In contrast,
Show the process analysis and methods for evaluation : Describe process analysis and what steps could be used to analyze a process? What methods might best be used to evaluate and improve a given process?

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Equilibrium price and quantity change

Assume a decrease in consumers' incomes causes a decrease in the demand for chicken and an increase in the demand for potatoes. Which good is inferior and which is normal? Explain your reasons.

  Long-run total cost-long-run average cost

The production engineers at Impact Industries have derived the optimal combinations of labor and capital (the only two inputs used by Impact) for three levels of output: 120, 180, and 240 units of output:

  Solution to the fundamental economic problem

Explain the effects of the new factory on the items below. Then place the number of each item on the circular-flow diagram to show whether the activity takes place in the product market or resource market

  Information about production function

Always Round Tire has a production function of Q = 300 L.75 K.5. In the short run, if L = 250 and K = 25, what happens to the output of tires if L jumps to 300 and then 350. What law does this illustrate?

  Optimal price and output combination

Assume an airline flying on the New York - Chicago route has estimated the demand curves for three different types of customers: business (no advance purchase), leisure (7 day advance purchase), and discount (14 day advance purchase) travelers.

  Movement along demand curve and shift in demand

Describe the difference between movement along the demand curve and a shift in demand. Provide an example to help the class understand the difference between the two.

  Break-even quantities and operating leverages

Explain how the break-even quantities and operating leverages are affected by the relationships between fixed and variable costs.

  Disadvantages-forming strategic alliance

Describe the issues, challenges, or disadvantages to forming the strategic alliance (focus on supply chain). Provide an example that is not included in attached reference.

  Nature of competitive industries

Firms like Papa John's, Domino's, and Pizza Hut sell pizza and other products which are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of such firms products permits them to charge prices a..

  Determining determinants of demand

Suppose your product is Wendy's hamburgers. First "draw" the demand and suppy curve and see how the equilibrium price and quantity is determeined.

  Average productivity-marginal productivity

What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..

  Calculation pure monopoly

Employ the following data for the  pure monopoly to compute the firm's: (a) total revenue, marginal revenue, marginal costs, and average total cost

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd