Question
In: Economics
Explain the concept of “diseconomies of scale” and discuss how a physician-firm might encounter this issue.
Explain the concept of “diseconomies of scale” and discuss how a physician-firm might encounter this issue. Then, consider two ways in which the physician-firm might pay its physicians: fee-for-service or salary. Discuss which of these payment schemes might be best for limiting diseconomies and any negative impacts such a payment scheme might have for patients.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
Explain the concept of “diseconomies of scale” and discuss how a physician-firm might encounter this issue....
Explain the concept of “diseconomies of scale” and discuss how a
physician-firm might encounter this issue. Then, consider two ways
in which the physician-firm might pay its physicians:
fee-for-service or salary. Discuss which of these payment schemes
might be best for limiting diseconomies and any negative impacts
such a payment scheme might have for patients.
2. explain the concept of “diseconomies of scale” and discuss how a physician-firm might encounter this...
2. explain the concept of “diseconomies of scale” and discuss
how a physician-firm might encounter this issue. Then, consider two
ways in which the physician-firm might pay its physicians:
fee-for-service or salary. Discuss which of these payment schemes
might be best for limiting diseconomies and any negative impacts
such a payment scheme might have for patients.
Given the following information, does this firm has economies of scale or diseconomies of scale. Explain...
Given the following information, does this firm has economies of
scale or diseconomies of scale. Explain why with reference to the
values of ATC.
Small production unit . Large production uni
Q . FC VC Q . FC . VC .
5 50 . 50 50 . 500 . 500
10 . 50 . 70 100 500 . 800
20 . 50 . 200 200 . 500 . 2500
5. If a firm has diseconomies of scale a. If it is in a very competitive...
5. If a firm has diseconomies of scale
a. If it is in a very competitive industry it would be advisable
for it to scale back its production level in the long run
b. Average total cost is rising as the firm expands
c. Both a and b
d. Neither a nor b
6. In a perfectly competitive industry
a. Firms produce differentiated “ heterogeneous” products
b. Legal barriers to entry prevent the market from being
monopolized
c. Firms must...
Explain the differences between Economies of Scale and Diseconomies of Scale and explain what factors influence...
Explain the differences between Economies of Scale and
Diseconomies of Scale and explain what factors influence over them.
In order to do so, you will have to use the concepts of Short and
Long Run average total costs. Remember that in the Short Run
Average Total Cost curve, you can find at least one of your assets
as fixed and in the Long Run Average Total Cost curve, all the
assets are considered variable, meaning that you are assuming the...
define and explain the reasons for the economies and diseconomies of scale in detail with real...
define and explain the reasons for the economies and
diseconomies of scale in detail with real world examples
1. What are economies of scale? How do economies and diseconomies of scale influence the shape...
1. What are economies of scale? How do economies and
diseconomies of scale influence the shape of the long run cost
curves? How do economies of scale relate to indivisible setup
costs? What are diseconomies of scale and how do they arise?
Explain the difference between diminishing returns and diseconomies of scale. What are the causes of each?
Explain the difference between diminishing returns and
diseconomies of scale. What are the causes of each?
How is learning by doing related to the concept of economies of scale? Can a firm...
How is learning by doing related to the concept of economies of
scale? Can a firm enjoy cost savings from both?
How is learning by doing related to the concept of economies of scale? Can a firm...
How is learning by doing related to the concept of
economies of scale? Can a firm enjoy cost savings from
both?
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