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Describe an activity or process or product of your chosen company that exhibits economies or diseconomies of scale.
Describe the source of the scale economy. How could the organization exploit the scale economy or diseconomy?
Microeconomics, Economics
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Industrialization has made America one of the greatest superpowers in the world. But that economic growth and prosperity has come with a price. In the early days of the Industrial Revolution in America factories spewed m ...
Question: The European Central Bank (the ECB) buys bonds on the open market (from commercial banks). a) Assume that banks In the eurozone initially have no excess reserves. What is the effect of the central bank's action ...
Question: Why is it necessary to have an industry classification systems like NAICS? Would facing the need of learning a system as complex as NAICS discourage you for becoming part of the importing and exporting componen ...
Question: Give some examples of third-degree price discrimination. Can third-degree price discrimination be effective if the different groups of consumers have different levels of demand but the same price elasticities? ...
Question: Consider a perfectly competitive, constant-cost industry. (a) Draw the long run market diagram with both the short run and long run supply curves. Explain the short run and long run producer surplus as found in ...
Question: A country's economy is described in Table 2. Using information in Table 2, answer questions (2.1), (2.2), (2.3) and (2.4) Phillips curve p -p-1=-0.55x( U-Un) Natural rate of unemployment uN = 5% Previous year's ...
Question: Older business cycle theories used to focus on what was called the ‘‘interaction of the multiplier and the accelerator'' to produce endogenous business cycles; the accelerator said that investment was proportio ...
Question - Let us suppose that a hospital wants to set their fees for an overnight stay such that the contribution margin on a hospital room will be 35%. The cost to the hospital of an overnight stay (staff, physical equ ...
Question: With the introduction of new technology, it becomes easy to purchase items without the use of direct money. How do you think the introduction of this new technology affects the amount of currency in the economy ...
Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...
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