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Question: Use your own words to answer those questions
1. What do we mean by economies of scale?
2. What are internal economies of scale? What are external economies of scale? What are the sources of external economies of scale?
3. What is learning by doing (LBD)? What are LBD spillovers?
4. In medieval Europe, the production of woolen cloth was concentrated in a small number of towns. What explains this concentration, rather than having the production scattered over many different locations?
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation - what total cost would you expect to be incurred
Jesse and Kimberly recently graduated from college and are starting a family.they are just making ends meet with their $45,000 salary.what are some things they can do to their budget to find the money.
Make a table representing the market demand, and a 2nd table representing the market supply. Use this information to find market equilibrium price and quantity
Suppose a tax per unit output (per-unit tax) is imposed on the production of Q with the intent of making equal the market level of output and the socially efficient level. How high should that per-unit tax be? What is the gain in net social benefi..
He also states "there is no OSHA standard for ergonomics, so there is no need to conduct an ergonomics assessment and besides, these incidents have only accounted for a small portion of our workers' compensation costs."
Analyze the economic impact of contracting, governance and organizational form within organizations. Use technology and information resources to research issue.
A special power tool for plastic products costs $400,000 has a 4-year useful life, no salvage value, and a 2-year before-tax payback period.
In the SIMOX process, during the thermal anneal step, for forming the buried oxide with incorporating different oxygen doses, what are the differences?
Explain why tomatoes grown in individually owned plots are so much better than tomatoes grown in the common plot.
If the 2005 inflation rate in Canada is 4 percent, and the inflation rate in Mexico is 2 percent, then the theory of purchasing power parity predicts that, during 2005, the value of the Canadian dollar in terms of Mexican pesos will
Determine the impact of the increase in the price of soybeans on the rental rate of land and determine the impact of the increase in the price of soybeans on the welfare (real wage) of labor.
There are three phases of strategic management. (a) Write a strategic plan for anychosen corporation with evaluation of the current status. (b) Write programs, budget, and procedures for strategic implementation for the same corporation.
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