Define economies and diseconomies of scale

Assignment Help Macroeconomics
Reference no: EM13317589

Define economies and diseconomies of scale, explain how each is possible, and relate each to shapes of long-run average total cost curves.

Reference no: EM13317589

Questions Cloud

By how much does the fox clear the fence : A fox fleeing from a hunter encounters a 0.795 m tall fence and attempts to jump it. By how much does the fox clear the fence
Calculate and interpret price and income elasticity of : Calculate and interpret price and income elasticity of demand, and explain why the price elasticity of demand tends to increase in the long run.
Find the magnitude and direction of the final velocity : A 3.50-kg ball, moving to the right at a velocity of +2.72 m/s on a frictionless table, Find the magnitude and direction of the final velocity of the two balls if the collision is completely inelastic
What is the flow rate between 2 open storage tanks : Water flows through 800 feet of 12-inch diameter iron pipe (g = 0.0018 inches) between 2 open storage tanks, whose water surface elevation difference is 16 feet. The pipe entrance is flush and square edged
Define economies and diseconomies of scale : Define economies and diseconomies of scale, explain how each is possible, and relate each to shapes of long-run average total cost curves.
Find the total electric charge inside the cube : A cube has sides of length L=0.300m. It is placed with one corner at the origin. Find the total electric charge inside the cube
Compare and contrast the impact of anticipated or unantici : Compare and contrast the impact of anticipated or unanticipated monetary policy on the inflation rate, real output, employment and interest rates.
How a central bank can use monetary tools to implement : Describe the role of a country"s central bank and the tools that a central bank can use to control the money supply, and explain how a central bank can use monetary tools to implement monetary policy.
What is the ratio of their currents : Two different electrical devices have the same power consumption, but one is meant to be operated on 120-V AC and the other on 240-V AC. What is the ratio of their currents

Reviews

Write a Review

Macroeconomics Questions & Answers

  A decision by the us to utilize fiscal policy to run first

A decision by the U.S. to utilize fiscal policy to run a fiscal deficit, chiefly through unprecedented heavy spending, to stimulate the US economy

  Explain long-run adjustments that will create equilibrium

A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum efficient scale. Explain the long-run adjustments that will create equilibrium

  Sectoral shock and adjustment in long run equilibrium

Illustrate the economy's adjustment to its long run equilibrium only, as the formerly dislocated (and now retrained) labour force is finding employment in new industries.

  What happens when there is a surplus of imports brought into

What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.

  Would not experience diminishing marginal utility

Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.

  Explain how does the money multiplier differ when currency

Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.

  Explain the modified accelerated cost-recovery system

Cathy has one year left before she completes her degree in industrial engineering. She is spending this summer working for her family's firm, MMM (Molehill & Mountain Movers). MMM runs a fleet of heavy construction equipment and sells gravel for r..

  Making as-ad diagram

Explain why would you expect inflation rate to accelerate if actual unemployment rate declined to a level lower than the "full employment" unemployment rate & remained at that low level for a year or longer and creaste and AS/AD diagram

  Poverty fighting measure

The minimum wage is used by governments as poverty fighting measure. The use of such means of creating equity among the masses does not always result in desired outcome.

  Comparing the short-run and long-run results

A company produces digital watches on single production line serviced during one daily shift. The total output of watches depends directly on number of labor hours employed on the line.

  Explain the importance of free entry in market

Explain the importance of free entry and exit in the perfectly competitive market. That is if free entry and exit did not exist, what impact would this have on the allocation of resources and on the ability of firms to earn above normal profits ov..

  Persue to the small firm they are underwriting

Brokers incurred $450,000 out of expenses as well as will give 21,000,000 of the persue to the small firm they are underwriting

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