Production exhibit scale economies or scope economies

Assignment Help Business Economics
Reference no: EM13892082

The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000).

Does this production exhibit scale economies or scope economies? Why?

Reference no: EM13892082

Questions Cloud

Why does the aggregate demand curve slope : Why does the aggregate demand (AD) curve slope downward to the right? What can cause the curve to shift? Why does the short run aggregate supply (SAS) curve slope upward to the right? What can cause the curve to shift?
Different elasticity of demand between these two groups : As you know, airlines practice price discrimination by charging leisure and business travelers with different prices. They could do so because of the different elasticity of demand between these two groups of travelers. Different customers pay varyin..
What is fiscal policy : What is fiscal policy? If there were a recession, how could fiscal policy be utilized in an attempt to recreate full employment? What would be appropriate fiscal policy if there were inflation?
Production exhibit scale economies or scope economies : The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs take one hours (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this produ..
Determine the potential demand for its products-services : In the international marketplace, countries are categorized based on their stages of development. A marketer needs to be clear on these categories in order to determine the potential demand for its products/services.
In pre-keynesian economics : In pre-Keynesian economics, it was generally believed that the demand for labor would equal the supply of labor such that unemployment would not be a serious problem. Demonstrate this argument both graphically and verbally.
Adjustments in the currency exchange rates : Theoretically, if there is free trade, exports will tend to equal imports through adjustments in the currency exchange rates. Demonstrate this adjustment process graphically and verbally.
What was the so-called keynesian revolution : Why do economists differ as to the appropriate economic role of the state? What is deflation? What threat does it pose? What are the distributional consequences? What are the distributional consequences of inflation? What was the so-called "Keynesian..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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