Explain the Economies of Scale
Explain the Economies of Scale.
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The factors that cause the operation of the laws of returns the scale are grouped under diseconomies and economies of scale. Increasing returns to scale operates due to economies of scale and decreasing returns to scale operates due to diseconomies of scale whether economies and diseconomies arise concurrently.
Increasing returns to scale operates while economies of scale are greater than the diseconomies of scale and returns to scale reduces while diseconomies. Overweight the economies of scale. Likewise when economies and diseconomies are in balance and a return to scale becomes constant.
Illustrates the definition and meaning of managerial economics?
Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra
What are the significant causes of business cycle to give birth?
State the assumptions of Law of Demand?
The knowledge regarding local shrubs and trees which Morgan learns whereas working as an apprentice landscaper into the suburbs of a huge city is an illustration of the benefits from: (1) dirty work. (2) general training. (3) dues-paying. (4) high-skilled employment.
When the wage rate price of $13, in that case this firm would hire slightly fewer than: (i) 600 workers. (ii) 700 workers. (iii) 800 workers. (iv) 900 workers (v) 1000 workers. Q : Explain about the control of business Explain about the control of business cycle.
Explain about the control of business cycle.
Wages tend to increase while labor demand: (w) and supply both decrease. (x) decreases and supply increases. (y) and supply both raise. (z) increases and supply decreases. Please choose the right answer from above.
What are the Environmental or external issues of managerial economics?
The arc elasticity of Plastibristle’s demand for labor between point a and point b is: (1) 0.375. (2) 0.667. (3) 0.833. (4) 1.200 (5) 2.000. Discover Q & A Leading Solution Library Avail More Than 1425379 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1928969 Asked 3,689 Active Tutors 1425379 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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