Diseconomies of scale - Study guides, Class notes & Summaries

ECS2601 Assignment 4 Semester 2 (ANSWERS) Question 1 Complete Mark 0.00 out of 2.00 Flag question Question text When a profit-maximising firm is at its short run optimum, a. none of the options will be true. b. the average cost of the product is at its lowest possible point, whether a profit is being made or not. c. the profit per unit of output will be at its maximum possible level. d. the firm will be shut down if its price is less than the average fixed cost. Question 2 Comp...

WPC 470 Moore ASU Final Exam Questions & Answers 2023/2024 Business-level strategy - ANSWER-The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market Blue ocean strategy - ANSWER-Business level strategy that successfully combines differentiation and cost-leadership activities using value innovation to reconcile the inherent tradeoffs Cost-leadership strategy - ANSWER-Generic business strategy that seeks to create the sam...

AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure Question Paper + Mark scheme [MERGED] June 2022 *jun* IB/M/Jun22/E6 7135/1 For Examiner’s Use Section Mark A B TOTAL Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the Insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answer all questions in Secti...

ECS2601 Assignment 4 Semester 2 (ANSWERS).100% TRUSTED Answers, guidelines, workings and references.Question 1 Complete Mark 0.00 out of 2.00 Flag question Question text When a profit-maximising firm is at its short run optimum, a. none of the options will be true. b. the average cost of the product is at its lowest possible point, whether a profit is being made or not. c. the profit per unit of output will be at its maximum possible level. d. the firm will be shut down if its price is less tha...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Test Bank for Microeconomics, 3rd Canadian Edition 3ce by Glenn Hubbard, Anthony Patrick OBrien. Full Chapters test bank included 1 Economics: Foundations and Models Economics in Your Life and Career: How Much Will You Pay for a Cup of Coffee? Three Key Economic Ideas People Are Rational People Respond to Incentives Apply the Concept: Does Canada’s Health Care System Contribute to Obesity? Optimal Decisions Are Made at the Margin Solved Problem: 1.1 Binge Watching and Decisions at...

If, when a firm doubles all its inputs, its average cost of production decreases, then production displays A) diminishing returns. B) economies of scale. C) diseconomies of scale. D) declining fixed costs. correct answers B) economies of scale. The long-run average cost curve shows A) the lowest average cost of producing every level of output in the long run. B) where the most profitable level of output occurs. C) the average cost of producing where diminishing returns are not present....

Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...

Despite the advantages of large firms, many small businesses are very successful. Give three reasons that justify this statement. [6] Answer Reasons might include: - - Personalized services - Tailor- made products - Convenient opening times - Closeness / proximity to customers - Subcontracted by large firms etc. 2. (a) Explain the term “de- integration.” [3] (b) Why do firm “de- integrate.” [4] Answer (a) De- integration refers to the process of a firm or group reducing the ...

D. None of the above correct answers If the marginal product of labor is 2, the marginal product of capital is 4, the wage rate is $3, the rental price of capital is $6, and the price of output is $1.50, then the firm should . Increase output by hiring more labor, more capital, or both. b. Hold output constant, but hire more labor and less capital. c. Decrease output by reducing the quantity of capital, reducing the number of units of labor, or both. d. None of the above is correct. ...