Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Concept of economies of scale?
Economies of scale refers to the cost advantages that a business attains because of expansion. 'Economies of scale' is a long run concept and alludesto reductions in unit cost as the size of a facility and usage levels of inputs increases. Diseconomies of scale are the opposite. Common sources of economies of scale are labour (division of labour) purchasing (bulk buying of materials through long-term contracts), managerial (increasing the specialisation of managers), financial (obtaining low interest loans when borrowing from banks and having access to a greater range of financial instruments), marketing (spreading the cost of advertising over a greater range of output in media markets) and technological (taking advantage of returns to scale in the production function). Each of these factors decreases the long run average costs (LRAC) of production by shifting the short-run average total cost (SRATC) curve down and to the right. Economies of scale are also derived partially from learning by doing.
Structural Unemployment The decline of the highly localized industry due to international trade causes great problems of regional (structural) unemployment. If it would take
prepare a break-even analysis to determine volume required to cover costs with and without a specified profit target and price.
Explain the limitations of managerial economics
Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
SEARCH THEORIES - A BRIEF' HISTORICAL OVERVIEW A search theory of unemployment is found even in the writings of A. C. Pigou in the inter-war period. To explain the high
i want a help for the title
Perfect Competition The model of perfect competition describes a market situation in which there are: i. Many buyers and sellers to the extent that the supply of
MONOPOLISTIC PRACTICES The following practices may be said to characterize monopolies. Exclusive dealing to supply and collective boycott Producers agree to supply onl
Disadvantages of a Free Economy The free market gives rise to certain inefficiencies called market failures i.e. where the market system fails to provide an optimal allocation
Interaction of supply and demand, equilibrium price and quantity In perfectly competitive markets the market price is determined by the interaction of the forces of demand and
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd