What does economies of scale mean

Assignment Help Microeconomics
Reference no: EM131100086

Discussions

Stat 200 (doesn't have to be super long!!!!!! Keep it short!!!!!!!)

• Discussion

Find an example of statistics in the news. Look in your local newspaper, online news site (e.g., CNN), etc. Summarize that example and discuss the details of the statistical information.

• Discussion

Respond to the appropriate question below by this Wed and then respond to TWO of your classmates responses with substantial contribution by Sunday. Last Names A through L respond to question 1 and Last Names M through Z respond to question 2.

1. What does economies of scale mean? As a health care manager how would you apply economies of scale in your department? Finally, how do organizations (payers, providers, military, physician owned clinics, wellness boutiques) utilize or could utilize economies of scale in their business model? Be specific and think about the changing demand curve, price sensitivity and other economic concepts that support your answer.

2. From an economic perspective, at what point does a firm decide to shut-down? What alternatives economically does an organization (payer, provider, IDN, physician practice, physician owned facility etc.) have instead of shutting down? How are these different between types of organizations compare and contrast two types of organizations,. Think about the difference in scale, borrowing ability, price setting, demand curve, supply curve and micro vs. macro economics.

Reference no: EM131100086

Questions Cloud

Find the court decision located : Find the court decision located at 2007-1 USTC ¶50,210. a. What court heard the case?
How did walmart''s price cut compensate : How did Samsung's unveiling of the Galaxy S5 affect the demand for the S4 (News, p. 51)? What determinant(s)of demand changed? How did Walmart's price cut compensate? LO3-1
Adjusted salaries for the sake of fairness : Reviewed compensation and adjusted salaries for the sake of fairness. Communicated this to all affected employees.
Accounts payable prepaid insurance : LeadCo School is a newly organized business that teaches people how to inspire and influence others. The list of accounts to be opened in the general ledger is as follows:
What does economies of scale mean : What does economies of scale mean? As a health care manager how would you apply economies of scale in your department? Finally, how do organizations utilize or could utilize economies of scale in their business model?
Is a tax on margarine efficient in the economic sense : Why would margarine producers prefer to have an excise tax imposed on both butter and margarine? Would such a tax be more or less efficient than a tax on margarine alone?
Describe any time management strategies : Offer your suggestions for what you believe Jenny should do next. Describe any time management strategies that you believe Jenny should try in the future to avoid a repeat of this type of situation.
Explain briefly what the management accountant : (a) Explain the ways in which the attitudes and behaviour of managers in a company are liable to pose more threat to the success of its budgetary control system than are minor technical inadequacies that may be in the system.
What is the effect on output : Suppose govermnet purchases increase by one unit. What is the effect on output? (Assume that 0)

Reviews

Write a Review

Microeconomics Questions & Answers

  Draw aggregate demand, short run aggregate supply

Draw Aggregate Demand, Short Run Aggregate Supply, Long Run Aggregate Supply diagram, starting at the long run equilibrium. Show on the diagram what happens to a given economy when the government lowers income taxes for all citizens. Show on the diag..

  Derivation of long-run supply curve

Would the accumulation of historical prices and quantities exchanged in the market establish a long-run supply curve? How would the historical relationship differ from how firms (and economists) envision today's long-run supply in the industry?

  Why does production have to equal consumption

Why, under an autarky, does Production have to equalConsumption If the consumption point is on the productionpossibility curve, why does this automatically mean that the production point will be the same as the consumption point

  How the program increases earnings for low-income workers

Explain why the negative income tax plan is likely to be more expensive than the currnet system of assistance to the poor. What are the advantages of wage rate subsidies - Explain how the program increases earnings for low-income workers and affect..

  What is the federal funds rate

What is the federal funds rate and how does it impact the Fed and the economy overall?

  How muc invest in a college degree add to your capital stock

How does your decision to invest in a college degree add to your capital stock Show this on your projected production possibilities frontier for ten years from now compared to your production possibilities curve without a college degree

  What is the probability that a student takes psychology

The probability that a student takes Economics is 0.70. What is the probability that a student takes Psychology given that the student is taking Economics?

  Compute growth rates log difference of per capita gdp for

calculate the growth rates log difference of per capita gdp for each country in each year. calculate the mean and

  How much do consumers spend with incomes

How much do consumers spend with incomes of $6.75 trillion

  Reduction in steady-state output per worker

Illustrate graphically and explain. In all of the parts, we can assume that the rate of saving is less than the golden rule level of saving, so that a reduction in steady-state output per worker leads to a reduction in steady-state consumption per..

  Should laptop producers be happy or sad about technological

Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).

  Find the cournot solution algebraically

The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..

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