To discuss the balance of fixed and variable cost

Assignment Help Microeconomics
Reference no: EM13197558

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs.

How would you describe the balance between the costs of automation, or fixed costs, and the costs of labor, or variable costs?

How has technology changed the balance between automation and labor? What type of industry benefits the most from technological innovation 

Choose an organization that has a high fixed cost and low variable cost balance to run its operations.

Discuss the balance of fixed and variable costs for the organization.

How can the organization use technology to change this balance for an advantage? 

Reference no: EM13197558

Questions Cloud

Find the speed of the plane in still air and the speed : Find the speed of the plane in still air and the speed of the wind.
Discuss the tendency of ratios to fluctuate : Discuss the tendency of ratios to fluctuate over time, explain how accounting practices, seasonality, economy, competitors as well as other factors can influence them, and how.
Explain graphic messages through interpreting : Constructing meaning from oral, written, and graphic messages through interpreting, exemplifying, classifying, summarizing, inferring, comparing, and explaining
How a first responder will identify and preserve evidence : the video South Tower Falls, Shot Front of Trinity Church, describe your concerns as a first responder. (For the purpose of your response assume that you do NOT know whether this is a chemical, biological, radiological, nuclear, or simple explosiv..
To discuss the balance of fixed and variable cost : Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs.
Determine whether firm should undertake investment : The firm has an opportunity cost of capital of 10 percent and a corporate tax rate of 35 percent. Assuming that at the end of 9 years, soon to be enacted EPA regulations will make further investment in the production of asphalt shingles unprofitab..
Is a shift toward dna based identifications a good idea : What are some of the benefits and limitations of using DNA to identify victims of mass causalities. When answering take into account available resources, types of attacks, evidence collection and preservation, etc.
Determine the internal rate of return for the project : Determine the internal rate of return for the project and determine the reinvested rate of return for the project.
Discuss the relationship between healthcare quality and cost : Discuss the relationship between healthcare quality, access, and costs and how these three influence one another in our healthcare system. Also, identify factors in our system that may have an impact on these concepts.

Reviews

Write a Review

Microeconomics Questions & Answers

  How the environmental protection agencys policies

Write a 750-word essay on how the Environmental Protection Agency's policies impact business in the United States.

  Determine the average nominal income

If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the nominal income of agricultural workers was $35,000 in 2000, what was the average nominal income of agricultural workers in 1990?

  Unbiased estimation procedures to end point estimates

The population proportion of economists predicting growth of at least 2.5% in real gross domestic product. The variance of the sample proportion of economists predicting growth of at least 2.5% in real gross domestic product.

  What effect will have on output

Suppose the price of labor increases to $2 per unit. What effect will this have on output per unit of labor and is this plant subject to decreasing returns to scale? Why or why not?

  Evaluate the financial performance of the company

The cost of other variable inputs is $2,000 per day. You are told that the firm's fixed cost is high enough so that the firm's total costs exceed its total revenue.

  How technology could be used that might affect these trends

1. Explain why you agree or disagree that Americans seem willing to sell their own privacy cheaply while simultaneously craving private information about one another. 2. Describe what role you think technology has played in these trends towards pri..

  What is acs fixed cost and what is the variable cost

what are the expressions for AC's total revenue ,marginal revenue, total cost and marginal cost as a function of output? what is AC's fixed cost and what is the variable cost?

  Determine short run impact

A new taco making equipment that is same in size and expense to hog dog carts has encouraged more street vendors to begin selling tacos.

  Why dont firms continue to get infinitely larger

Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.

  Explain cause of a larger short run increase in prices

which will cause a larger short run increase in prices; an anticipated or unanticipated increase in aggregate demand? will they cause the same increase in prices in the long run?

  Determining profit in pre and post merger

The market for a standard-sized cardboard container comprises two firms: BooBox and Flimflax. As manager of BooBox you enjoy patented technology which permits your company to produce boxes faster and at lower cost than Flimflax.

  Discuss the steps the oligopoly should take to address

Assume that a very competitive start-up enters the market in direct competition with the oligopoly you described in the e-Activity, initially gaining a 12% market share.

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