Economies of scale or the learning curve

Assignment Help Business Economics
Reference no: EM13998882

Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve?

Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.

Reference no: EM13998882

Questions Cloud

How do i take the location for the neighbour of each element : I have done the code the "wrapping of the matrix" via concatenation so I can count all the neighbours. Find highest score neighbor take location from S --> How do I take the location for the neighbour of each element? find strategy from A end.
Examine your own culture from an etic perspective : In the Final Research Paper, you will examine your own culture from an etic (outsider's) perspective and another culture from an emic (insider's) perspective to demonstrate your understanding of cultural relativism and examine misconceptions and e..
Determine the velocity and acceleration of center of disk : Given ri, ro, that the top bar is moving to the left with constant speed vt, and that the bottom bar is moving to the right with speed vb and acceleration ab, determine the velocity and acceleration of the center of the disk at C.
Derive the income elasticity of demand function : Derive the income elasticity of demand function for individuals with (a) cobb-douglas (b) perfect substitutes and (c) perfect complements utility functions
Economies of scale or the learning curve : Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve? Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.
What was the result of the merger and merged firm : What was the result of the merger and merged firm on the petroleum industry? Did the price of gas go up or down? What role did the Federal Trade Commission (FTC) and Department of Justice (DoJ) play in this merger? What did the FTC and DoJ require to..
Compared with other equivalent mergers : Briefly explain the history of what happened including, but not limited to: Type of merger (horizontal, vertical, or conglomerate), the size and value of each firm prior to the merger, the value of the merged firm, how long the process took, length o..
What social norm did you break explain : What is Deviance? Provide sociological insight and articulate a thesis statement (i.e. your perspective or position) on the subject of deviance. What social norm did you break? Explain what you did
What are the velocities of the particles after the collision : What is the maximum compression of the spring when the particles collide? What are the velocities of the particles after the collision?

Reviews

Write a Review

Business Economics Questions & Answers

  Specific factors model-heckscher-ohlin model

Consider a country that produces shirts and autos. Shirts are produced with sewing machines (specific factor) and labor while autos are produced using robots (specific factor) and labor. Labor is mobile between industries. The country is initially..

  Which each can play either of two strategies-leave or stay

Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay. If both play the strategy leave, then each gets a payoff of $300. For which values of C and/or D is the outcome (leave, leave) a Nash equilibrium?

  Labor hours hired by the profit maximizing monopsonist

Suppose that one firm is the only employer of a certain labor service (i.e., the firm is a monopsonist). Assume its MRPL is given by L= 11 w and the labor supply is L = W. What is the wage paid and the number of labor hours hired by the profit maximi..

  Distinguishcrowding-out effect also the ricardo barro effect

Distinguish between the crowding-out effect also the Ricardo Barro effect. Elucidate how are the 2 effects related

  Illustrate what is the marginal revenue product function

Illustrate what is the marginal revenue product function. Assume which most workers in Pakistan work 48 hours per week also which there are four weeks in a month.

  Q1 you must decide whether or not to introduce a new

q.1. you must decide whether or not to introduce a new product. if you launch the fresh product your competitor will

  About centralized and decentralized decision making

In Chapter 11 you read about centralized and decentralized decision making. Between the two philosophies which do you feel works better and why? Feel free to include any experiences you have had under each atmosphere.

  What is the resulting total cost

The manager of Green Chemical Co. has been informed that this year’s production target Q for organic fertilizer (in millions of tonnes) is 20. The manager is asked to allocate the production across the company’s two plants. How should the manager all..

  Calculate the maximum rental value of the land

On a specific plot of land, X = 20L1/2 ; where X is the level of output in bushels of wheat, and L is the number of workers hired. Assuming that each worker receives a real wage equal to 1 bushel of wheat, calculate the maximum rental value of the la..

  Find equilibrium wage and equilibrium level of employment

Assume that labor supply and labor demand are described by the following equation -labor supply: L=5w -labor demand: L=110-0.5w where w=wage expressed in dollars per hour, and L(s) and L(d) are expressed in millions of workers. find the equilibrium w..

  Describe four types of audit opinions green and associates

Is the client’s refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?

  What is economic intuition behind such comparison results

If firms to act socially responsibly and consider the social marginal cost, what is the equilibrium price and quantity. How do the equilibrium prices and quantities in the two scenarios compare with each other? What is the economic intuition behind s..

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