Production exhibit scale economies or scope economies

Assignment Help Business Economics
Reference no: EM13892082

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000).

Does this production exhibit scale economies or scope economies? Why?

Reference no: EM13892082

Questions Cloud

Why does the aggregate demand curve slope : Why does the aggregate demand (AD) curve slope downward to the right? What can cause the curve to shift? Why does the short run aggregate supply (SAS) curve slope upward to the right? What can cause the curve to shift?
Different elasticity of demand between these two groups : As you know, airlines practice price discrimination by charging leisure and business travelers with different prices. They could do so because of the different elasticity of demand between these two groups of travelers. Different customers pay varyin..
What is fiscal policy : What is fiscal policy? If there were a recession, how could fiscal policy be utilized in an attempt to recreate full employment? What would be appropriate fiscal policy if there were inflation?
Production exhibit scale economies or scope economies : The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this produ..
Determine the potential demand for its products-services : In the international marketplace, countries are categorized based on their stages of development. A marketer needs to be clear on these categories in order to determine the potential demand for its products/services.
In pre-keynesian economics : In pre-Keynesian economics, it was generally believed that the demand for labor would equal the supply of labor such that unemployment would not be a serious problem. Demonstrate this argument both graphically and verbally.
Adjustments in the currency exchange rates : Theoretically, if there is free trade, exports will tend to equal imports through adjustments in the currency exchange rates. Demonstrate this adjustment process graphically and verbally.
What was the so-called keynesian revolution : Why do economists differ as to the appropriate economic role of the state? What is deflation? What threat does it pose? What are the distributional consequences? What are the distributional consequences of inflation? What was the so-called "Keynesian..

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate the underlying experiment of interest

Elucidate the underlying experiment of interest when we want to examine the effects of cigarette smoking on workdays lost.

  Compare and contrast monetary and fiscal policies

In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..

  Drawbacks of having a health program

What are the benefits and drawbacks of having a health program that varies by state versus having one that is uniform across the country? Do you find that the positives of state flexibility outweigh the negative or vice versa? Is it fair that similar..

  When proper research is done businesses can maximize profit

If/when the proper research is done businesses can maximize profits while developing new products as well as promote their current products in the most advantageous of ways.

  Analyze the consequences of such a bill and whether

Congress is proposing a bill that will roll back gasoline prices to four dollars a gallon. Analyze the consequences of such a bill and whether or not you would personally favor it. Consider all the costs involved in your analysis.

  Calculate an estimate of the new tank cost today

The relevant cost index was 120 4 years ago. The cost then for a gas station tank of 1,500 gallons was $40,000. We want to now purchase one size 4,500 gallons but the purchased price cost index is now 300. Assuming a power law size model with exponen..

  Search engine optimization and pay per click advertising

Search Engines today use Search Engine Optimization and Pay per click advertising. Explain the positives and the negatives for using each Search engine optimization or pay per clicking? Explain which one that you would choose or would you use both in..

  Preferences are transitive-Macadamia nuts or cashews

Smith likes cashews better than almonds and likes almond better than walnuts. He likes pecans equally as macadamia nuts and prefers macadamia nuts to almonds. Assuming his preferences are transitive, which does he prefer:

  Current antipoverty policy

You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.

  Monopolist with a straight-line demand curve

A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $4 per unit.

  The difference between income and consumption

The difference between income and consumption is

  Why would it ever be used in the short-run

If we know that expansionary monetary policy cannot create real economic growth in the long-run, why would it ever be used in the short-run?

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