Example of economics of scale or economics

Assignment Help Macroeconomics
Reference no: EM131186135

Explore how a firm determines the optimal scale of a plant for a given rate of output and why this determination relates to longer-run strategies versus current operations. Also, discuss the differences between economies of scale and economies of scope and how firms can benefit from each.

Then, provide a specific company example of economics of scale or economics of scope and how it affects production and cost or how technology affects the inputs and costs. Conduct research and use specific examples.

Reference no: EM131186135

Questions Cloud

Explain what the specific key environmental forces : Based on the case information and what you know about consumer electronics, conduct an environmental scan for Geek Squad to identify key trends. For each of the five environmental forces (social, economic, technological, competitive, and regulator..
Transfer earnings-economic rent of factor of production : a) Explain what is meant by the terms transfer earnings and economic rent of a factor of production. b) Using well labelled diagrams, illustrate cases when the total factor payments may equal to economic rent, or transfer earnings or shared betw..
Describe strategic planning techniques : Describe strategic planning techniques used to formulate alternative strategies designed to achieve stated business goals.
What are the production costs of your economics class : What are the production costs of your economics class? What are the fixed costs? The Variable costs? What's the marginal cost of enrolling students?
Example of economics of scale or economics : Then, provide a specific company example of economics of scale or economics of scope and how it affects production and cost or how technology affects the inputs and costs. Conduct research and use specific examples.
Why such graph must have atleast one vertex of odd valence : Suppose that for a certain connected graph, it is possible to disconnect it by one edge. Explain why such a graph (before the edge is removed) must have atleast one vertex of odd valence. ( Show that it cannot have a Euler Circuit)Show all work.
Determine which firm has the greatermarket power : Question 1: Find the equilibrium price and quantities for the case in which the two taxicompanies engage in Cournot (quantity) competition. What profits will Big Ben Taxisand Whitehall Taxis earn. Question 2: Using your answers to question 1, dete..
Analyse success or failure of applied project management : Analyse the success or failure of the applied project management framework, principles, processes and / or practices.
Against the idea of perfect competition : 1. The fast food industry is extremely competitive and in some cases close to perfect competition. Identify 2 fast food chains which you feel have almost identical products and pricing and identify the almost identical products that they both sell..

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  Company in a competitive market

A company in a competitive market must accept the market price, but a monopoly can set a price that maximizes its own profit. Explain giving consideration on the elasticity of the demand.

  Disscuss the contrasting views of the keynesians

Disscuss the contrasting views of the Keynesians and the monetarists with regard to an appropriate.

  Elucidate what effect on international trade

One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.

  What annual sum must he set aside

An engineer wishes to have $5 million by the time he retires in 40 years. Assuming 15% nominal interest, compounded continuously, what annual sum must he set aside?

  Terms of memory organization and addressing

Discuss differences in RISC and CISC architecture processors in terms of memory organization and addressing. Provide specific examples of both RISC and CISC processor types.

  Will actions by congress expand or contract the economy

In order to pay for those expenditures, Congress also approved a $100 billion increase in individual income taxes. Will these actions by Congress expand or contract the economy or are they just useless actions?

  What will happen to american wages employment and prices

What will happen to American wages, employment, and prices? Should more strict policies on immigration and free trade be enforced? Are there parallels between the Trump attitude toward trade and immigration and the British decision to LEAVE the EU..

  Identify economic factors that affect the real gdp

How might your organization be affected by these changes?

  Companies to the national economy

Are those millions of other corporations, sole proprietorships, and partnerships outside of big business fairly insignificant to the U.S. economy then? If not, then what is the importance of these smaller companies to the national economy?

  Aztec elasticity of demand for advertising

Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?

  What is the leveraged buyout

The employees of Abs “R” Us, which includes 12 fitness parlors in and around the metro area, feel they can improve the performance of the company.

  Consistent with standard performance

The normal time to perform the regular work cycle is 4.43 min. In addition, an irregular work element with a normal time = 1.75 min is performed every 6 cycles. The PFD allowance factor is 17%.

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