Measuring economies of scale calculate the value

Assignment Help Business Economics

Reference no: EM13869065

A firm finds that at an output level of 7 units, its total cost is $1834; at 8 units of output, its cost is $2048.

a. measuring economies of scale calculate the value of S for this firm at 8 units of output

b. Are there economies of scale at 8 units of output? Explain your reasoning.

c. Explain what the value of S tells you about the relationship between increasing output and increasing costs for this firm. Be as specific as possible in your answer.

Course: Industrial Organization Theory by Waldman

Reference no: EM13869065

Questions Cloud

Write paper on positive influence of cultural diversity : Write a research Proposal about "The positive influence of cultural diversity at the workplace."

How trustworthy or untrustworthy do you consider : How trustworthy or untrustworthy do you consider the narrator?

Difference between restricted fund balance and assigned fund : What is the purpose of reporting fund balance in five classifications? What is the difference between Restricted fund balance and Assigned fund balance?

The peach corporation uses the cost recovery method : The Peach Corporation uses the cost recovery method of recognizing revenue. It has accumulated the following related information:

Measuring economies of scale calculate the value : A firm finds that at an output level of 7 units, its total cost is $1834; at 8 units of output, its cost is $2048. measuring economies of scale calculate the value of S for this firm at 8 units of output. Are there economies of scale at 8 units of ou..

Pollution emissions-their contributions to global warming : Why is it too simplistic for U.S. citizens to point their fingers at the less developed countries of the world and insist that they reduce their pollution emissions and their contributions to global warming?

Devise an argument for who should have the flute : An artist makes a beautiful instrument that becomes famous throughout the country. A number of claimants arise, each of whom argues that they deserve the flute: the artist who created it, the most talented musician, the poorest musician, the neediest..

What is the accounting treatment for supplies inventories : What is the accounting treatment for supplies inventories if the purchases method is used to record their acquisition?

What do the men carry in the story the things they carried? : What do the men carry in the story The Things They Carried?

User Account

All Pages