Production exhibit scale economies or scope economies

Assignment Help Business Economics
Reference no: EM131089792

A sports store puts designs 12 different designs on sweat shirts. Setup between each design takes an hour and costs $18,000. Once setup, at a cost of $8,000 they can produce 1,000 units. Does this production exhibit scale economies or scope economies? Please show the appropriate rationale modeling you use. (Need a detailed explanation, please.)

Reference no: EM131089792

Questions Cloud

Decision support system for public transportation : You need to design a Decision Support System for public transportation. where the goal is to support the creation and maintenance of a more efficient and effective service.
Which are extent decisions and provide explanation : Identify which of the following are discrete decisions and which are extent decisions and provide explanation. What discount should be given on products during the upcoming holiday sale? How should you do it? How should the profit generated from the ..
Calculate the time average increase r in air resistance : If the velocity of the airplane in its horizontal flight is 1050 km/h at the end of the 9 s, calculate the timeaverage increase ?R in air resistance. The mass of the rocket fuel used is negligible compared with that of the airplane.
Theory and the contract view : How does the social costs view extend the due care theory and the contract view? Why do its critics say that the social costs view is unfair? Are their arguments persuasive?
Production exhibit scale economies or scope economies : A sports store puts designs 12 different designs on sweat shirts. Setup between each design takes an hour and costs $18,000. Once setup, at a cost of $8,000 they can produce 1,000 units. Does this production exhibit scale economies or scope economies..
Ethical commponets of the rights and duties approach : Evaluate the ethical commponets of the rights and duties approach. Consider the impact of truth-telling and lying and your responsibility to your employees and the organization as a manager in this situation.
Introduction to qualitative research philosophical assume : In each week of each module you are required to respond to or evaluate two peer postings with at least a 125-word response. This will cause you and your peers to generate creative ideas and concepts for your Case Assignment and SLP.
Provide a specific example of territoriality : Define in your own words what the term territoriality means. Provide a specific example of territoriality. Discuss how this example of territoriality meets one or more of the three social and cultural needs
Determine the unknown process variables : determine the unknown process variables

Reviews

Write a Review

Business Economics Questions & Answers

  Changes in the federal funds interest rate often

Changes in the federal funds interest rate often lead to similar changes in the prime interest rate (i.e. the short-term interest rate banks charge their best business loan customers). Indicate whether this statement is TRUE or FALSE; and then provid..

  Most fashion-sensitive items manufactured in-house

What is the logic behind Zara’s decision to manufacture some items in-house whereas outsourcing other items? How does this decision contribute to Zara’s capability to adapt to changing consumer demand during the season? Why are the most fashion-sensi..

  Potential disadvantages of the limited partnership

Limited partnership arrangements alleviate which traditional problem associated with real estate investments.

  Cutting the corporate income tax

Cutting the corporate income tax can potentially increase the pace of technological change resulting in the aggregate supply curve shifting to the right.

  Government mandates that new cars

Despite this finding, the government mandates that new cars have air bags, rather than taxing their use. Is this policy a contradiction.

  What is john'' opportunity cost of producing corn.

Suppose that two people, Mary and John each live alone in an isolated region. y each have same resources available and y grow corn and raise pigs. What is John' opportunity cost of producing corn.

  Price of natural gas is the independent variable

When the price of natural gas is 3.71 per mcf, an average household uses 4.67 mcf. When the price of natural gas is 4.58, an average household uses 3.52 mcf. Calculate the intercept of the linear function that describes this relationship. The price o..

  Changes in tastes reduce the demand for wheat substantially

Changes in tastes reduce the demand for wheat substantially. What happens to price and output in the market for wheat? What happens to the price, output, and profits of the individual wheat farmer in the short run? Illustrate with diagrams.

  Isoprofit line method or corner point method

An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of a..

  What is the elasticity of demand with respect to adverting

where P represents price and A is the number of weekly advertisements. Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizing ticket..

  Keynesians would likely agree that

Keynesians would likely agree that: A. all unemployment is frictional unemployment. B. if a person isn't working, that's his or her own choice. C. structural and cyclical unemployment are more common than frictional unemployment. D. unemployment is i..

  Characteristic of perfectly competitive market

Which of the following is NOT a characteristic of a perfectly competitive market? Recall the Application called "Wireless Women in Pakistan." What makes the wireless telephone market in the US NOT perfectly competitive? How do entry costs affect the ..

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