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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.
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 and the monetarists with regard to an appropriate.
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.
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?
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.
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? 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..
How might your organization be affected by these changes?
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 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?
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.
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%.
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