Experiencing economies of? scale

Assignment Help Microeconomics
Reference no: EM132414859

A hospital provides? emergency-room medical care for local residents. Suppose the hospital currently provides this care for? 15,000 patients per year at a total cost of ?$15,000,000. If the hospital? expands, it can provide? emergency-room medical care for? 20,000 patients per year at a total cost of ?$50,000,000

If the hospital? expands, will it be experiencing economies of? scale, diseconomies of? scale, or constant returns to? scale?

Reference no: EM132414859

Questions Cloud

Describe the use of the total body score : In at least 400 words, describe the use of the Total Body Score relative to decomposed human remains and decomposition studies. The response must be typed.
Internalizing the external costs of actions : Develop a policy recommendation that would allow individuals to continue to harvest whales, or other species of fish, while simultaneously internalizing
Compare interviewing and interrogation techniques : In at least 450 words, discuss briefly the research findings pertaining to police training in interviewing and interrogation methods. Also compare interviewing.
Protecting the property rights of affected landowners : Devise a policy that you feel would be better at preserving habitat for endangered animals while simultaneously protecting the property rights
Experiencing economies of? scale : If the hospital? expands, will it be experiencing economies of? scale, diseconomies of? scale, or constant returns to? scale?
Price changes in the corn market : What might have led to these price changes in the corn market? Explain thoroughly with words only.
What will happen to her level of effort : What will happen to her level of effort? How will this change XYZ Company's profits?
About information systems security policies : Share two new insights about information systems security policies that you have discovered from this course.
Why would a firm that incurs losses choose to produce : 1. Why would a firm that incurs losses choose to produce rather than shut down?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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