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Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes of economies of scale are that as a firm becomes larger it may be able to utilize labor and managerial specialization more efficiently, capital more efficiently, and may be able to profitably use by-products from its operations. Diseconomies of scale result from the organization becoming too large to effectively manage and inefficiencies developing.
How does the GPI adjust for increasing U.S. income inequality? Starting with the category of Personal Consumption Expenditures, the GPI adjusts for enhancing income inequality
Question 1: Using relevant examples to illustrate your arguments analyze the different economic impacts of tourism and discuss the different ways in which government can maximi
The market structure in the south African mobile telecommunications industry
Industrial Policy: Government policies which are aimed at fostering the domestic development of particular desirable or productive industries, in order to enhance productivity, cre
The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect
difference between the cardinal analysis theory and ordinal theory
what is chemical analysis of iron ?
What is the theory of second best? Prove the theorem with the help of a diagram
Explainbainlimitpricetheory
Question: (a) Assume a firm operates in one location but serves on two distinct markets, namely, 1 and 2. The demand functions are: Market 1: P1 = 40 - 0.3 Q1 Market 2:
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