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?

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Rahul Sunny answered 2 years ago

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...

The existence of both economies of scale and diseconomies of scale would have what effect on...

The existence of both economies of scale and diseconomies of scale would have what effect on the LRAC curve? It would make it upward-sloping. It would make it downward-sloping. It would give it an inverse U shape. It would give it a U shape. It would make it horizontal.

How do economies of scale impact trade? What are the different types of economies of scale?

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

Describe and define the economies and diseconomies of scale for both companies in relation to the...

Describe and define the economies and diseconomies of scale for both companies in relation to the resources they use in their factors of production (Land, Labor, Entrepreneurial Talent, & Capital). What types of Externalities to both firms face? How are they alike? How are they different? 3. Provide two examples of price discrimination that the firms above engage in and how that specific action would help the firms sales.

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

DISTINGUISH BETWEEN ECONOMIES OF SCALE AND DISECONOMIES OF SCALE TRUE OR FALSE. A PRODUCER CAN OPERATE...

DISTINGUISH BETWEEN ECONOMIES OF SCALE AND DISECONOMIES OF SCALE TRUE OR FALSE. A PRODUCER CAN OPERATE IN THE SITUATION IN WHICH PRICE IS LESS THAN AVERAGE VARIABLE COST. WHAT FOUR BASIC CONDITIONS CHARACTERIZE A COMPETITIVE MARKET? WHAT IS ECONOMIC PROFIT? CAN A FIRM IN A COMPETITIVE INDUSTRY EARN ECONOMIC PROFIT?

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1. What are economies of scale? How do economies and diseconomies of scale influence the shape...

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