### Increasing returns-output of the business results

##### Reference no: EM13838081

1. There are increasing returns to size whenever increasing the output of the business results in:

a larger average cost per unit of output

a smaller average cost per unit of output

the same average cost per unit of output

increased total profit

2. At the output level where MC is just equal to ATC:

ATC is increasing

ATC is decreasing

ATC could be either increasing or decreasing

ATC is at its minimum value

### Previous Q& A

#### Should juanita attempt to reduce voluntary

Should Juanita attempt to reduce voluntary and involuntary turnover? A risk of disciplining employees is that some may retaliate. To avoid that risk, what organizational policies might encourage high-performing employees to stay while encouraging low..

#### Solar panels has production function

Steve and Sons Solar Panels has a production function represented by Q=4KL, where the MP=4K and the MP=4L. The current wage rate(W) is \$8 per hour, and the rental rate on capital is \$10 per hour. In the short run, the plant's capital stock is fixed a..

#### State the legal reasons or rationale for the court''s conclus

Task 1: Case Analysis  Log into WestlawNext and use the default search box feature to locate this court opinion (737 F.2d 784). Provide the Bluebook citation, and then (in your own words) identify the legal issue in the case, state the court's conclu..

#### What is the point estimation for the mean of the population

A New York restaurant would like to estimate the average amount customers spend for dinner. A sample of size 49 customers resulted an average of \$32.60. Assume the population standard deviation is \$5.a. What is the point estimation for the mean of th..

#### Price elasticity of demand for labor over range of prices

A firm has the production function Q=L times K. For this production function, MPL=K and MPK=L. The firm initially faces input prices w= \$1 and r= \$1 and is required to produce Q bar= 100 units. Later the price of labor, w, goes up to \$4. Find the opt..

#### Why would an organization care whether its supervisors speak

Why would an organization care whether its supervisors speak in favor of or against union representation? Explain and justify your answer

#### University heights apartments

You own University Heights Apartments, a business that rents primarily to students. One evening, your tenant Sharon is attacked by an intruder who forces the lock on the sliding glass door of her ground-floor apartment. Sharon's screams attract the a..

#### Explain the proper placement of a table within the text

Explain how you would show each of the following in a report: The results of a t test with 38 degrees of freedom, where the obtained value of t was 1.38, and the significance level was p The proper placement of a figure within the text. The proper pl..

#### What is one-period cournot-nash equilibrium output and price

Suppose two firms supply the market for computer chips and their products are perfect substitutes. What is the one-period Cournot-Nash equilibrium output and price? What is the output of each firm if they collude to produce the monopoly output?

#### Regarding updated processes for electronic documentation

As a paralegal in a law office, draft a 1-2 page correspondence to all of your attorneys, regarding the updated processes for electronic documentation. This will be used a job aide for your and your attorneys as they correspond with clients.

### Similar Q& A

#### Firms production function

Suppose that a firm's production function is given by U=K.33 * L.67, where marginal product of capital is QK = .67(K-0.67 * L.67) and MPL is QL = .67(K.33 * L-.33).

#### Describe why some long-run average cost curves are steeper

Describe why some long-run average cost curves are steeper on the downward side than others.

#### Goods is relatively elastic or relatively inelastic

Explain whether the demand for following goods is relatively elastic or relatively inelastic:

#### Monopolists price-output and economic profit

If demand falls, what should happen to a monopolist's price, output, and economic profit? (Ensure question is answered completely). What is outsourcing? Describe (3) advantages and (1) disadvantage a firm has when they use this strategy.

#### Environmental impact cost

Stan Money maker needs 16 gallons of gas to top off his tank. I he drives an extra 8 mile round trip Stan can save an extra \$0.05 a gallon. Suppose gas costs \$3.10 per gallon and Stan gets 24mpg. Each mile driven gives off CO2 that has an environment..

#### Equation for the firms short run supply schedule

The Short Run total cost curve of a firm in a hypothetical market is given by.  What is the shut down price? What is the break-even point of the firm? What is the equation for the firm’s short run supply schedule?

#### Respect to the medical care sector

Every economy, as well as the medical care sector, must decide the following: what should be produced, how it should be produced, how it should be distributed, and how to allow growth and innovation. With respect to the medical care sector, how are t..

#### Q1 suppose we use two inputs lets say capital and labor and

q1. suppose we use two inputs lets say capital and labor and the price of capital is pk and the price of labor is pl.

#### Question 1nbspa firm that emerges as the only seller in an

question 1nbspa firm that emerges as the only seller in an industry with economies of scale is

#### Illustrate at what level of output firm average total equal

If salary and prices are completely flexible, then an unfavorable productivity shock would raise both the natural rate of unemployment and the actual unemployment rate.

#### What price and quantity will prevail if the monopolist

What price and quantity will prevail if the monopolist isn’t regulated? What price-output combination would exist with efficient pricing (MC = P)?

#### Explain how could we best categorize the remaining

Imagine that last year, Jennifer earned \$80,000 in salary, and consumed \$50,000 in goods and \$23,000 in services. How could we best categorize the remaining \$7,000.