Change the size of typical automobile firm

Assignment Help Microeconomics
Reference no: EM1374635

After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing. In the long run, how would it have changed the size of the typical automobile company?

Reference no: EM1374635

Questions Cloud

Teams make conclusions that can dramatically affect company : Teams make conclusions that can dramatically affect companies. To make effective adoptions, teams can select from several decision-making strategies.
Illustrate what conflict resolution strategies have : Illustrate what or direct and indirect conflict management techniques did mulally employ. Drawing examples from your own work and personal experience, illustrate what conflict resolution strategies have you employed. Which 1s have you seen be succ..
Illustrate what is maximum number of workers required : Assuming that 1 worker is required for each activity, prepare a resource-levelled schedule. Illustrate what is maximum number of workers required to finish project on time.
Element what the specific rhetorical device is : Element what the specific rhetorical device is, how it is used and whether the persuasive technique is designed to be credible,
Change the size of typical automobile firm : After Henry ford invented the assembly line for producing automobiles, other automobile companies copied his invention. The new technology rise the economies of scale in automobile producing.
Illustrate what impact will new food court have pizza : Illustrate what impact will new food court have on Kershaw's pizza operations. Illustrate what competitive priorities might she choose to focus on now.
Illustrate current labour utilization of senior designers : Currently, industry has 20 projects per year and each senior designer can handle 6 projects per year. Illustrate what is current labour utilization of senior designers. Illustrate what do you recommend.
Illustrate what is capacity at stamping : "Metal window boxes are manufactured in 2 process steps: stamping and assembly. Each window box is made of 3 pieces: base A and 2 sides Bs. Illustrate what's capacity at stamping.
Inventory in the statement of financial position : Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.

Reviews

Write a Review

Microeconomics Questions & Answers

  Cost of equity-wacc

What is the component cost of the equity raised by selling new common stock? What is the maximum amount of new capital that can be raised at the lowest component cost of equity?

  Determine effect on optimal price

The United States cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette firms will make fixed yearly payments to government based on their historic mark..

  Computing economic profit or loss

Suppose a perfectly competitive firm is producing 300 units of output, P = $10, ATC of 300th unit is $8, marginal cost of 300th unit = $10, and AVC of the 300th unit = $6. Based upon this information, the firm is:

  Federal reserve-money supply

Describe three ways in which the Federal Reserve can change the money supply.

  Mechanics of supply and demand

Why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run?

  Econ 301 assignment

Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice

  Long-run market adjustment-perfect competition

Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C=50+4Q+2Q^2. The associated marginal cost is MC=4+4Q, and the point of minimum average cost ..

  Calculations of price discrimination

There is the firm that has pricing control of its output and is capable to identify its consumers in two groups. The total quantity demanded for its output is the summation of quantity demanded by the two groups,

  Determining optimal output and price levels

Now assume that there're five firms in the industry, and that they collude to set the price. What price will they set? What will be the output of each firm? What will be the profit of each firm?

  Concept of the law of diminishing returns

Describe the concept of the law of "diminishing returns" and why does it take place only in short run? Differentiate between "the long run return to scale" and "economies of scale."

  Computing banking required reserves

Assume that the banking system's nonborrowed reserves total $48.3 billion, with total legal reserves standing at $51.2 billion. What must lent reserves be?

  Effect of price freeze on equilibrium parameters

What is the equilibrium? If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described above?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd