Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Define the following terms: fixed cost, variable cost, and total cost. 2. What happens to the difference between ATC and AVC as a firm's output expands? Explain. 3. What are economies of scale and diseconomies of scale? Please give an example. 4. Your rich uncle died and left you $100,000, which you decided to use for your own Internet business. What business will you go into and what will be you fixed and variable costs? Show how your business can take advantage of economies of scale. 5. Can a firm losing money go out of business in the short run? If it can't, explain why. 6. Why are there no fixed costs in the long run? 7. Why is a business firm never in the long run? 8. On what basis does a firm decide whether or not to shut down? On what basis does it decide whether or not to go out of business? 9. What are the fixed and variable costs for a car wash? Is it likely to experience economies of scale? 10. You have decided to open some movie theaters. Should you open six 200-seat theaters at six different locations, or open the six 200-seat theaters in one large building? Explain your answer in terms of economies of scale and diseconomies of scale. 11. Should you fix your old car-or buy a new one? Answer in terms of fixed and variable costs. 12. You have decided to open some movie theaters. Should you open 6 200-seat theaters at 6 different locations, or open the 6 200-seat theaters in one large building? Explain your answer in terms of economies of scale and diseconomies of scale.
PART II: JOURNAL ACTIVITY
Directions: Please visit the following two websites:
· Budget. Avis
Then answer the questions below. Please provide detailed and elaborate responses and ensure that your responses are a minimum of 100 words each and include examples from the reading assignments or personal experience, if possible. 1. How much are the ?xed and variable costs of renting a car for a week at Chicago's O'Hare Airport?
2. How did you figure this information?
what less conventional monetary policy tools might a central bank use to stimulate the economy How do these tools work In what way is central banking in the euro-zone area different from or similar to the Federal Reserve System
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
in 2012 a baseball player signed a contract reported to be worth 89.8 million. the contract was to be paid as 13.2
In the competitive market, the market demand is Qd=48 - 5p and the market supply is Qs = 7P. The equilibrium price is4
A development of value and distribution theories. Detailed analysis of the reactions of consuming and producing units
What are the other benefits and costs to McDonald's of this discount drink policy
Prepare your slides as soon as you have a good final draft. Preparing the slides will help you see any weaknesses in your paper.
The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking
Andrew has decided to open an online store that sells home and garden products. After searching around, he chooses the software company Initech to provide the software for his website since their product required the least amount of specialized inves..
Find two points on the curve that have a common tangent line. Bonus: Prove that there are only two such points. I have a midterm tomorrow and I cannot solve this. Can someone solve and explain how/why they did what they did?
Suppose that you are on holiday in Russia, when suddenly you are arrested and accused of spying for United States.Your captors tell you that if you confess, you will receive a prison sentence of 2-years,
Suppose you heard the following: "The gap between actual output and potential output for this year is estimated to be 6 percent to 7 percent of potential output. Wholesale prices are virtually unchanged from one yea..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd