Differentiate between returns to factor and returns to scale, Business Economics

Assignment Help:

QUESTION

a) Differentiate between returns to factor and returns to scale.

b) In the long-run the Average Cost Curve is u-shaped. Discuss

c) Whenever a firm is making losses it should close down. Do you agree with this statement? You may use mathematical examples to illustrate your answer.

d) Discuss how resource allocation is dictated by consumers' preferences in the market place.


Related Discussions:- Differentiate between returns to factor and returns to scale

Franchise, How can franchises ensure their products are appropriate for int...

How can franchises ensure their products are appropriate for international markets?

Economic principle, #questDuring the 1990s, technological advance reduced t...

#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter

Location, advantages of government grants

advantages of government grants

Economic health of a nation, Normal 0 false false false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 a) Many are concerned

What are harrod-domar predictions, What are Harrod-Domar predictions? T...

What are Harrod-Domar predictions? The economy is rate of growth, its predictions depends onto: • Capital formation and accumulation and capital output is the critical to de

How can you find out where to put your management effort, Stakeholders have...

Stakeholders have various interests or ‘stakes’ in a project. How can you find out where to put your management effort? Preferably, all stakeholders will have closely same crit

Flexible exchange rate system, Flexible exchange rate system: A countr...

Flexible exchange rate system: A country is linked to other countries through two broad channels:  trade flows andfinancial flows. Trade flows pertain to movement of goods and

What steps are needed to ensure proper change control, Changes frequently b...

Changes frequently bedevil IS projects. What steps are needed to make sure that proper change control is exercised onto a project? An effective change control system involves t

Write Your Message!

Captcha
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