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A: Economies of Scale: Reduction of average and marginal costs in the long run due to an increase of a…
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A:
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A: Quantity Long run T.C $ L.R A.T.C $ 0 8 -- 1 28 28 2 47 23.5 3 67 22.33 4 96 24 5 138…
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A: As the production size increases, a firm may experience economies or diseconomies of scale.
Q: Economies to scale refer to
A: Companies benefit from economies of scale as manufacturing gets more efficient.Economies of scale…
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A: Answer: Introduction: Economies of scale: economies of scale occur when the average cost of…
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A: Part (a) Economies of scale arises when the long run average total cost curve declines as output…
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A: Economies of scale happen when the average total cost decreases when output increases Diseconomies…
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A: In the long-run, an average cost curve shows different phases of production when average cost…
Q: Explain economies and diseconomies of scale. Give an example of each.
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A: Diseconomies of scale happen when an organization or business firm develops so enormous that the…
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A: Economies of scale alludes to the peculiarity where the normal expenses per unit of result decline…
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A: Economies of Scale An economy of scale is the expense advantage an organization has with the…
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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: Companies benefit from economies of scale when their production gets more efficient. Economies of…
Q: Economies of Scale
A: All the firms total cost meeps on increasing.
Q: Which long-run average total cost (LRTC) graph exhibits diseconomies of scale? LRATC LRATC
A: "Correct option is the first graph which is upward sloping."
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A: Economies of scale refer to the cost advantages that are derived from the expansion of the scale of…
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A: Production function shows relationship between output produced and inputs used in the production.
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A: Economies of scale refer to the production gets cheaper when more and more units are produced (up to…
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Q: Refer to the above diagram. Diseconomies of scale?
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Q: Use the concepts of economies and diseconomies of scale to explain the shape of a firm’s long-run…
A: Economies of scale are the profits or advantages that firms earn due to their size of the operation.…
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A: Diseconomies of scale occurs when a firm's Average cost increases with increase in the output.…
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Q: Tong ruh, keep outpu Iikely do Shift to operate on ATC2 Shift to operate on ATC3 Shut down Stay on…
A: The above given cases are analyzed as follows:
Q: SRATC or small plant SRATC tor medium plant SRATC for arge plant LRATC S500 Diseconomies of Scale…
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Q: Distinguish between economies of scale and diseconomies of scale. Give examples of why a firm may…
A: The long-run average total cost curve declines because apparently, the firm becomes efficient in…
Q: Businesses wanted to reduce their cost to the minimum without compromising the product quality and…
A: Economies of scale:- Economies of scale can be explained as the cost advantages that businesses gain…
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Q: Marc Nerlove conducted a classic study on economies of scale in the electric utility industry. I…
A: Economies of scale occur when the average total cost (ATC) decreases as output (Q) increases…
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