How to eliminate diminishing returns in production

Assignment Help Microeconomics
Reference no: EM13214265

ntroduction of the Verson Stamping Machine helped firms in the automobile industry: shift their AVC, ATC, and MC curves upward. achieve greater economies of scale. reach their minimum efficient scale at a lower level of production. eliminate diminishing returns in production.

Reference no: EM13214265

Questions Cloud

Define the empirical formula of the active ingredient : sample of this compound is combusted in excess oxygen and the products are 2.492 g of CO2 and 0.6495 g of H20. Determine the empirical formula of the active ingredient.
Why the debeers consolidated mines markets : DeBeers Consolidated Mines markets about: 45 percent of the world's rough-cut diamonds. 33 percent of the world's rough-cut diamonds. 80 percent of the world's rough-cut diamonds. 55 percent of the world's rough-cut diamonds.
Determine the currency per u.s. dollar : In mid July 2009, the U.S. dollare equivalent of a uro was $1.4116. Using the indirect quotation method, determine the currency per U.S. dollar for each of these dates.
Explain the quantum dot and an adjacent gold nanoparticle : determine the average separation distance between the quantum dot and an adjacent gold nanoparticle for the molecular beacon (in the absence of the target sequence).
How to eliminate diminishing returns in production : ntroduction of the Verson Stamping Machine helped firms in the automobile industry: shift their AVC, ATC, and MC curves upward. achieve greater economies of scale. reach their minimum efficient scale at a lower level of production.
Define how the designed sensing strategy functions : explain how the designed sensing strategy functions. Point form answers are acceptable, feel free to use a diagram in your explanation.
Why the tax cuts increase demand and supply : A) spending on infrastructure would not increase production in the economy. B)there is a conflict between where spending on infrastructure would benefit employment and where infrastructure is most needed.
Banks expansion in the global market : How does government regulation affect a bank's expansion in the global market? What are the possible strategies to deal with those constraints?
Explain water evaporating it from the surfaces of canvas : For many years drinking water has been cooled in hot climates by evaporating it from the surfaces of canvas bags or porous clay pots. How many grams of water can be cooled from 39°C

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