MCQ: What do you understand by “diseconomies of scale”? Decrease in costs as we increase the number of workers but keep other factors fixed Increase in costs as we increase all factors of production by same proportion Decrease in output as we increase the number of workers but keep other factors fixed Decrease in costs as we increase all factors of production by same proportion Increase in costs as we increase the number of workers but keep other factors fixed

Q: The physical relationship between pipe flow-through and pipe circumference can be an explanation for…

A: This is used in chemical firm where there is Direct relationship between pipe flow capacity and…

Q: describe economies and diseconomies of scale while explaining possible reasons for both situations…

A: As the production size increases, a firm may experience economies or diseconomies of scale.

Q: technological change that permanently lowered energy costs would cause the:   Group of answer…

A: In an economy, there are various factors that influence the aggregate demand and aggregate supply…

Q: Determine the returns to scale implied by each of the production function. Q = 0.4Y1/2 +…

A: Q (Y,A,B) = 0.4Y1/2 + 0.3A1/4B1/4 + 2.0B1/2 To determine the returns to scale, we will multiply Y,…

Q: You are tasked with installing 25 industrial welding robots. It took you 15.5 hours to install the…

A: please find the answer below.

Q: Questions: 1. Isoquants can be convex, linear, or L-shaped. What does each of these shapes tell you…

A: Iso-quant: It shows the combination of the factors of an economy that produce the same level of…

Q: Least Cost Method: *Remember the least cost method is a lot like the utility maximizing rule from…

A: The production will be efficient when the factors are used up to a point where the ratio of marginal…

Q: Fill in the blanks in the accompanying table shown at the bottom of page and answer the following…

A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…

Q: Businesses wanted to reduce their cost to the minimum without compromising the product quality and…

A: Companies benefit from economies of scale when their production gets more efficient. Economies of…

Q: increasing, decreasing

A: A production function tends to relate the physical output of a production process to factors of…

Q: Over the positively sloped portion of the short-run average cost curve, the effect of productivity…

A: In the short-run , the average cost curve is the sum of total variable cost and total fixed cost.…

Q: Explain every point with graph. 1. Economic and business cost . 2. Short run production analysis /…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Which of the following would be exhibited if a doubling of output can be achieved without doubling…

A: The change in the output produced when the inputs are changed by a particular proportion is known as…

Q: If all resources used in the production of a product are increased by 20 percent and output…

A: In economics, the cost of production is outlined because the expenditures incurred to get the…

Q: A short run production function assumes that a. The usage of at least one input is fixed b.…

A:

Q: A Closer Look in the Economies of Scale   Businesses wanted to reduce their cost to the minimum…

A: Companies benefit from economies of scale when their production gets more efficient. Economies of…

Q: the below-listed statements, please identify the one INCORRECT statement regarding the rationale for…

A: T shirts are produced in developing countries because the production is labor intensive, and US…

Q: The government extend assistance to business who had been compliant and diligent in paying taxes to…

A: Government support that decreases costs, makes firms increase production. This increases supply,…

Q: “In the short run, a company has to operate as efficient as possible to accomplish the profit…

A: Please repost your question, as we are allowed to answer only 2 questions. a In achieving the short…

Q: Ricardo-Viner Model a. Consider a manufacturing firm where total cost (TC) equals the product of the…

A: Given information Manufacturing firm is working under perfect competition. Total cost is cost…

Q: Describe the two main types of internal diseconomies of scale?

A: According to the given question In simple words we can say that the internal diseconomies of scale…

Q: Using organization's existing under-utilized resources or capabilities (technologies, distribution…

A: The organization's existing under utilised resources  or capabilities result in the efficient…

Q: The transition from economies of scale to dis economies of scale is more likely to occur in a…

A: Economies of scale is defined as the cost advantage that is reaped by firms when the production of a…

Q: Suppose that workmen are assembling a particular product for 40 working hours. Then they work on…

A: Learning curves capture the benefit that arises when workers and organizations get efficient at…

Q: A motor vehicle assembly plant requires the use of both capital and labour. The Tesla manufacturing…

A: According to the law of diminishing returns when more units of variable input are used with a fixed…

Q: Question 3 If a firm is able to double output when it doubles input, it has... Group of answer…

A: "Returns to scale refers to the rate at which output produced changes when all inputs in the…

Q: If average total costs increase when the output level increases, then there are diseconomies of…

A: The expenses that are being incurred for running a business and carrying out its various…

Q: 3. What are the differences between the internal and external economies of scale?

A: When it increases its level of output, it often experiences some cost advantage, referred to as…

Q: Refer to the above diagram. Diseconomies of scale?

A: Diseconomies of scale or decreasing returns to scale is the situation of increasing total cost…

Q: Question 11 Refer to the Long Run Average Total Cost curve below to answer the following questions:…

A: Hi. since there are multiple questions we will answer only the first three questions.

Q: Please give 2 examples of economies of scale, diseconomies of scale, and constant returns of scale.…

A: Return to scale is a long run concept, which measures the change in total output due to the change…

Q: The ff are true about economies of scale except one a. It is concept in cost function b. Costs…

A: Economies of scale arises from efficiency in labor productivity which causes long run average cost…

Q: Define returns to scale and its implications for production decisions.

A: Returns to scale refers to the percentage change in the output with respect to the percentage change…

Q: Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns…

A: Diseconomies of scale occurs when a firm's Average cost increases with increase in the output.…

Q: THE PROPERTY MANAGER AS ECONOMIST-PLANNER After graduating from college with honors and a master's…

A: Management plans are effective financial tools and is a resource that can be used by the firm as a…

Q: Which of the following results when an increase in all inputs results in a more-than-proportionate…

A: Answer - a) Diseconomics of Scale -  It is the opposite of economics of scale . Diseconomics of…