Illustrates the economies of scale are categorization
Illustrates the economies of scale are categorization?
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While a firm increases all the factor of production this enjoys the same benefits of economies of production. The economies of scale are categorized as:
a. Internal economies. And
b. External economies.
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As is given figure below. Assume that the prevailing price is P1 and the firm is now producing its loss-minimizing quantity. Determine the area which shows the loss: w) P2deP1. x) P3cbP1. y) P3caP0
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Economy-extensive efficiency needs both allocative and technical efficiency within production and: (w) equity within the distribution of national income. (x) biological efficiency, in that people's basic desires should be met. (y) pol
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