# Microeconomics Which of these does NOT contribute to economies of scale? complementary production techniques specialization of labor better use of capital replacing management-level positions
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A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…
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Q: Refer to Figure 1. Which of the short-run average cost curves correctly depict economies to scale?…
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Q: Question 23.23 The long run is a period of time, or a time frame, in which all resources…
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Q: Problem 1:William is the owner of a small pizza shop and is thinking of increasing products and…
A: Since there are multiple sub parts in this question, only the first three sub parts will be answered…
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Q: Question 5 Which of the following production functions exhibit increasing return to scale?…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: 4. Which of the following industries do you think are likely to exhibit large economies of scale?…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
Q: MCQ: What do you understand by “diseconomies of scale”? Decrease in costs as we increase the…
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Q: Question 24.24 Variable costs are sunk costs. costs that change every day.…
A: Variable costs are those costs that change in proportion to the level of production. This implies…
Q: 10. Explain why economies of scale is important
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Q: Problem -2: The following table gives total output or total product as a function of labor units…
A: Diminishing returns occur when after addition of certain units of input,total product starts to…
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- Explain the characteristics of production in the short term vs the long tem in terms of factorsof productions and diseconomies of scaleThe ciange in revenueleamed by the business as it employees an additional nit of an input holding otier resource use constant is: (a) Fhe Marginal physical product fb) Fhe Total physical product.- (c) The Average physicał product OThe Marginal value productDefine the term Manufacturing Costs?
- 202IG-ITBIUI-1252178 > ITB 101 - Final Exam > ITB Kontrol paneli Site ana sayfası Takvim Nişanlar Tüm dersler Course dashboard Soru 20 A graph that shows all the combinations of labor and capital that can be used to produce a Henüz given amount of output is called cevaplanmadı 4 üzerinden Lütfen birini seçin: işaretlenmiş O A. production curve P Soruyu işaretle O B. an average cost curve O C. an isoquant curve O D. an isocost line O E. an indifference curve ÖNCEKİ SAYFA SONRAKİ SAYFA Aramak için buraya yazın 立+ e © 96% = PM Fri 19 Mar A elearn.squ.edu.om AA O Homework 2 (chapter 5) (page 7 o... n LANC1071_Spring21: Mid-Semest.. O ECON1211_a.naz1_Spring21: Hom. JE-LEARNING SYSTEM (ACADEMIC) rinciples of Microeconomics - Spring21 uestion yet wered rked out of S- MSC -25 Flag estion 20 15 10 5 D- MSB 2 4. Quantity (thousands of gloves per day) In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is Select one: $3,000. Ob. $15,000. O c. $22,500. O d. $45,000. Price (dollars per pair of gloves)4 Long Run Production Capital labor Units Qty $3,000 5 32 outputs % inputs % change - change returns to Scale - $5,000 10 40 100 25 increasing $7,500 12 90 20 125 decreasing $8,000 13 110 8.33 22.22 decreasing $9,000 15 125 15.38 13.636 increasing $11,000 16 130 6.66 4 increasing $11,700 18 320 132 12.5 1.54 increasing 300 280 260 240 220 200 edited 180 160 140 120 100 80 60 For my long run production I wanted to see the different out comes if I my and capital variable After doing so! was able to calculate my output & input % change using the formula (original-new) original Х labor cost per duvet cover 40 20 10 20 30 40 50 60 70 80 90 100 120 130 140 150 160 qty of duvet covers (per month 100
- The change i revenueleamed by the business as it employees an additional mit of an input holding other resource use constant is: (a) Fhe Marginal'pbysical product fb) Fhe Totak physical product. - (c) The Average physicał product The Marginal value product :Ab isocost linejdentifies a. The least costly combination-of-inputsmeeded to-produce a given level of output bHEhe relative prices of inputs c. The technological relationships among inputs. d. The rate at which one input can be substituted for another in the production ...... process.what is tah relationship between average production and marginal production ?
- Donot forgett to make stages of production graphically..Name Time Started Time Finished Variable input (Labor) 0 10 20 1. Define the following terms: production function, average product, marginal product, law of diminishing marginal returns, constant returns to scale, increasing returns to scale and decreasing returns to scale. 2. Complete the table below: 30 40 50 60 THEORY OF PRODUCTION Activity No. 6 70 80 90 100 110 120 130 140 Total Product 0 250 600 1200 1900 2700 3600 4400 5000 5425 5700 5825 5900 Course & Year Date Performed 5925 5875 Average Product Marginal Product With the values in the above table, plot Total Product (TP), Average Product (AP) and Marginal Product (MP) in a single graph with units of product at the vertical axis and labor units at the horizontal axis. You can also use two (2)graphs (TP above AP and MP curves) Label your graphs properly. Use graphing paper for your curves if you do not have computer/laptop access but insert graph is recommended. 3. Describe the shapes of the curves drawn. What relationship can…Coosider the production function characterizing garri plant as: Q= 20L + 60k - L^2 - K^2 If total outlay for both capital, K =N50, and a Labour, L= N20, is N4,600. Find: a. The optimal quantity of K* and L* to be employed. b. Calculate the maximum possible output of garri that the plant can produce.