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Economies of scale (or increasing returns to scale), dis-economies of scale (or decreasing returns to scale), and constant returns to scale. Comment on how to know whether a firm is operating under which scale and the significance of this? Also, is there a trend that the economies of scale may change with production or time? Finally, as some of you have pointed out, how does this differ from economies of scope? Provide an example?
Getrag expects its sales to raise 20 percent next year from its current level of $4.7 million. Getrag has current assets of $660,000, net fixed assets of 1.5 million dollar,
determine if for the good marked with all cap lettering if there is an increase or decrease in demand.a.a new fashion
Choose an existing good or service from Will Bury's Price Elasticity, Incremental expenses, or Thomas Money Service Corporation scenarios, or choose an existing business with which you are familiar.
suppose a consumer has 600 to spend on two goods good x and good y. the price of good x is given by px 20. the price
A perfectly competitive firm faces a market price of $10 for its output X. It owns two plants, A and B, whose total costs are TCA = 10 + 2X + .25X2 (to the second power) TCB = 15 + .4X + .1X2 (to the second power).
health care costs to employers and employees are rapidly rising. this additional expense has a direct bearing on the
Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. In your philosophy, be sure to include the new definition of entrepreneurial leadership presented in Understanding Entrepreneu..
What economic problem is the nation facing and what would be the goals of your Fiscal Policy
Consider the following demand schedule. Does it apply to the perfectly competitive firm? Calculate marginal and average revenue.
suppose mary enjoys pepsi and coke according to the function upc 4c 5p.1what does her utility function say about her
Do you think normal market forces adequately promote the sustainable development of non-renewable resources?
points on demand curve priceper ounce quantity ounces per showd
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