In company that is experiencing economies of scale

Assignment Help Business Economics
Reference no: EM131162923

In a company that is experiencing economies of scale, which of the following is true? a. Average total cost is decreasing b. Fixed cost is decreasing c. Average marginal cost is decreasing d. Marginal cost is higher than average marginal cost

Reference no: EM131162923

Questions Cloud

Goals to be achieved in international monetary system : How did the goals of the classical gold standard and the goals adopted by the Bretton Woods conferees differ (Include a discussion of priorities for IB and EB)? How were the IB goals for the BW conferees expressed in the structure of the BW system? E..
Reserve currency-issuing country with floating currency : Graph and explain the US as the RCC(reserve currency-Issuing country) with a floating currency (the current period) and BOP(-). Show and explain why the Supply and Demand functions must be relabeled and explain the economic privileges and burdens the..
Two machines are being considered for improving process : Two machines are being considered for improving a process. Machine A has a first costs of $300,000 and annual maintenance and operating costs (M&O) of $100,000 and it will result in costs reductions of 180,000 per year. Determine which Machine should..
Studying the effect parental involvement : Suppose that you are interested in studying the effect parental involvement has on children’s grades. You plan to measure parental involvement by asking the students a few survey questions. If you estimate your model using OLS, do you believe that an..
In company that is experiencing economies of scale : In a company that is experiencing economies of scale, which of the following is true?
The price of oil is determined by supply and demand : The price of oil is determined by supply and demand. The price of oil has been steadily hovering around the 100$-$120 per barrel mark for many years. Base on your understanding of the economic theory of supply and demand; describe why the price of oi..
Calculate the production and consumption of sugar : Under pressure from the sugar lobby, which feared a flood of sugar entering through Mexico, the U.S. Congress demanded limits on the amount of sugar that Mexico could export to the U.S. as a condition for passing the North American Free Trade Agreeme..
Understanding data is an important part of decision making : Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. You are required to submit the selected data, methods for testing and valid..

Reviews

Write a Review

Business Economics Questions & Answers

  Describe the effect of each of the following events

Describe the effect of each of the following events on the demand or supply of gasoline in the USA. Further indicate the likely direction in the amount of gasoline exchanged AND the expected market price.

  Elucidate what production level are scale economies exhaust

Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies. Elucidate what production level are scale economies exhausted.

  Faced by a firm in oligopolistic competition

Describe the demand and marginal revenue curves faced by a firm in a purely competitive market. Are they different from those faced by a firm in oligopolistic competition? If so, why?

  Explain how must government spending increase to eliminate

Explain how much must government spending increase to eliminate the GDP gap.

  Fixed costs exist only in the short run

Explain the statement: "Fixed costs exist only in the short run. In the long run there are no fixed costs." Why might the time frame for the "short run" differ from one industry to the next? Provide examples of two industries with different time fram..

  Similar effect on real wages as free trade of goods

Consider again the 2 countries in the previous question. Suppose the U.S. and Mexico do not trade goods at all, but workers can move freely between them. Will free movement of labor have a similar effect on real wages as free trade of goods? Explain.

  Reason for the difference in the treatment of distributions

Differentiate between the treatment of S corporation distributions from corporations having no earnings and profits, and corporations having accumulated earnings and profits. Suggest the most significant reason for the difference in the treatment ..

  How does global economic competition impact the domestic

How does global economic competition impact the domestic market and decisions related to the strategy a firm uses to compete? Why do some economists oppose trade restrictions? Explain your answer.

  If monopolist can find buyers

If a monopolist can find buyers for 10 units at a price of $40, and if the marginal revenue due to the 11th unit is $18, the highest price at which the monopolist can find buyers for 11 units must be

  Qbriefly explain the current 2012 discretionary fiscal

q.briefly explain the current 2012 discretionary fiscal policies that are being used by the federal government to try

  Discuss salary determination in a labor market

Discuss salary determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor.

  Expected inflation in canada also in the united states

Using the Fisher equation Illustrate what can you infer about expected inflation in Canada also in the United State.

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