1what is the difference between diminishing returns and

Assignment Help Business Management

Reference no: EM13365623

1. What is the difference between diminishing returns and decreasing returns to scale? What kind of returns to scale are possible/observed in your organization? Why? What is the relationship between returns to scale and cost curves? Can you assess the shape of the long-run average cost curve for your organization? You do not need to estimate the cost function, merely, on the basis of your knowledge of your firm, what do you think the curve looks like and why?

2. What are the production costs for your organization? What are the fixed costs? The variable costs? What economic costs does your firm likely overlook when computing its "profits"? Explain the profit maximizing condition in terms of your organization. If you work for a "nonprofit" firm, what do you think is the appropriate level of output for your firm? Why?

3. With the popularity of new high protein diets like the Atkins diet, what kind of effect do you expect to see on the equilibrium price and quantity of meat. Explain your answer in terms of shifts in demand and supply of meat and meat products.

Reference no: EM13365623

Questions Cloud

Questionnbspnbsphow does a leaders perception of a follower : questionnbspnbsphow does a leaders perception of a follower influence their relationship? how does a followers

Introduction to economicsin this activity you will need to : introduction to economicsin this activity you will need to go to the realtor.com website. follow the instructions for

Question 8 you own a bond with a face value of 10000 nbspit : question 8 you own a bond with a face value of 10000. nbspit matures on march 1 2024 and pays interest semi-annually at

Role of payment systems in health economicsi need : role of payment systems in health economicsi need helpassistance answering this question.how have our payment systems

1what is the difference between diminishing returns and : 1.what is the difference between diminishing returns and decreasing returns to scale? what kind of returns to scale are

Describe the difference between a monopoly and an oligopoly : describe the difference between a monopoly and an oligopoly and a cartel.provide an example of a monopoly an oligopoly

As a manager of a financial planning business you have two : as a manager of a financial planning business you have two financial planners phil and francis. in an hour phil can

Question bond issued 900000 of 8 on 31 they pay interest on : question bond issued 900000 of 8 on 31 they pay interest on 91 and mature in 10years case a 100 case b 92 case c 105

Assignment develop a sensor circuit using commodity : assignment develop a sensor circuit using commodity componentsnbspthe first part of the assignment is to design a

User Account

All Pages