Answered: ___ emphasizes economies of scale and…

Business

Economics

___ emphasizes economies of scale and decreases risk.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: On these facts, which of the following is false?

A: Bob in Burnaby called Ed in Toronto and offered to sell him of smoked salmon at . He requested that…

Q: In marginal analysis, if possible, the optimal outcome is found when Select the correct answer…

A: MB, marginal benefit is the additional benefit gained from selling an additional unit of output. MC,…

Q: 3. You and a fellow student are working on a joint project in a course. You each know that your…

A: The Cournot model is an economic theory for analyzing how firms in an oligopoly (a market with a few…

Q: of processing checks. 7 ! The U.S. government is auctioning off oil leases at two sites: 1 and 2. At…

A: * SOLUTION :-

Q: While spending the weekend in New York City, Raphael, Susan, and their son, Alex, are lucky enough…

A: In economics, utility refers to the amount of satisfaction that a consumer gets from the consumption…

Q: The profit function of a company is P(x) =x*-x³ + 3025 x², the output that maximizes the profit is…

A: A firm's main objective is always to maximize its profit. The firm maximizes its profit by producing…

Q: In 1921 a classic set of experiments with chemical fertilizers were performed at the Rothampsted…

A: 1. Marginal Product (MP):Definition: The marginal product refers to the additional output (goods or…

Q: 9. Suppose that the total benefit derived from a given decision Q is: B(Q)=25Q - Q² and the…

A: B(Q) = 25Q - Q2 C(Q) = 5 + Q2 f) when Q=2 C(2) = 5 + (2)2 C(2) = 5+4 = 9 when Q = 10…

Q: Implicit costs are defined by economists as nonmonetary opportunity costs. Why is it important for a…

A: Opportunity cost alludes to the current cost of foregoing the second-best utilization of the assets.…

Q: Solve Simultaneously, then Sequentially. Please show work. FIRM B Low Low 50,-40 FIRM A (HIGH -40150…

A: Firm B Low High Firm A Low 0,0 50,-40 High -40,50 10,10

Q: A small coastal town has a 1-kilometer-long beach represented by D = [0,1000]. During summer months,…

A: The term "Arbitrary Location" generally refers to a place or position that is chosen or selected…

Q: A city park has become a popular hotspot for food truck vendors, offering a variety of cuisines to…

A: The benefits that a certain group of people obtain can depend upon various factors. For the given…

Q: The optimal amount of product safety in automobiles may be less than the amount that would totally…

A: Marginal Cost is the additional cost incurred due to the production of an additional unit of output.…

Q: A company needs to decide the number of batches to buy to start business. Batch size is 250 and the…

A: Average profit refers to the total profit divided by the number of outputs.

Q: A firm's marginal cost function is given by: 2 MC(q) = -9 If the future price of the firm's output…

A: Marginal cost The price to manufacture the second unit of output is known as the marginal cost.…

Q: A decision maker wishes to maximize total benefit, B = 3x + xy + y subject to the cost constraint, C…

A: Given:Total benefit B = 3x + xy + yCost constraint :-4x + 2y = 70The decision maker's problem :-max…

Q: 1. Suppose that a manufacturer can produce a part for $8.00 with a fixed cost of$3,000.…

A: Hi! Thank you for the question but as per the guidelines, we answer only one question at one time.…

Q: Dollars C BA 0 d Multiple Choice MC ATC Quantity Refer to the diagram. At output level Q, total cost…

A: Total cost is the product of quantity and the prices. In simpler words, it means the sum total of…

Q: Northside Social (NS) sells cups of coffee and amazing breakfast sandwiches. The current price of a…

A: The firm sells 1000 units of cup of coffee and 200 units of breakfast sandwiches in the market at…

Q: In traditional Economic analysis, Group of answer choices only marginal costs are relevant to…

A: Answer - Marginal Cost :- Marginal cost is cost that firm need to incur to produce one extra unit…

Q: Explain the Diagram in bullets form.

A: The explanation of the graph in bullet points is below:

Q: nachine is purchased and demand is low, the net present value is $110,000. If demand is high, the…

A: The net present worth or net present worth applies to a progression of incomes happening at various…

Q: A speculator thinks that a particular share that is now selling at $500 is likely to decrease in…

A: Given, Price then $500 Price now $450

Q: Half of all potential customers would pay $16 for your product but half would only pay $10 but you…

A: Half of all potential customers would pay $16 for your product but half would only pay $10 but you…

Q: 9.00 ATCS ATC 8.00- Cakes can be produced using either a small or large bakery. The graph shows the…

A: The average total cost (ATC) refers to the total costs incurred in the production of a good divided…

Q: A product is processed on a station S1, which produces 75% good units, while the remaining P₁= 25%…

A: As given S1 which produce 75% goods P1 = 25% P2 = 10%

Q: If TC = 297 +33Q, what is the marginal cost when Q=19?

A: Marginal Cost - It is defined as the change in total cost due to production of one more unit of the…

Q: Daniel Mathews a footballer who is based in Sweden received a fine of $2 500 and a two-match…

A: The opportunity value of a particular activity choice in economic science theory is that the loss…

Q: T/F Opportunity cost refers to the cost of next best foregone

A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows the…

Q: Reducing the cost of medical care through insurance coverage reduces its usage. Select one: True…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The owner of a retail footwear business is considering opening a second retail store. The owner…

A: Marginal analysis is a type of cost-benefit analysis that looks at the costs and advantages of…

Q: A furniture firm has the capability to producer chairs and tables. Management wants to evaluate…

A: Economies of scale refers to the cost advantages experienced by a firm when output increases.…

Q: Suppose that a coffee lover values his first cup of coffee each morning at $6, but the second one is…

A: Utility refers to the concept in economics that refers to the satisfaction or pleasure that…

Q: Refer to Figure 1. The profit-maximizing, monopolistically competitive firm depicted can expect: O…

A: Monopolistic Competition: The monopolistic competition exists when in the market there are many…

Q: 6. Your friend has discovered a secret formula that lets people do an hour's worth of studying in 5…

A: Answer: If he sells 100 doses for Tk.150 then total profits(TP) = (Price - ATC)=(150-100)*100= Tk.…

Q: In which of the following situations would the supplier have the greatest power to hurt a business…

A: The supplier's initiative to show his sensitivity to the needs of the client marks the beginning of…

Q: Assume a firm located in a non-urban location pays a wage of $34/hour. However, it is assumed that…

A: The labor market is the market in which equilibrium is determined on the basis of the labor demand…

Q: There is a beer company and a bottling plant. The beer company can make 100 gallons of beer for…

A: (Note: As per the given guidelines by Bartleby, It is a Multipart question and therefore we can only…

Question

____ emphasizes economies of scale and decreases risk.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Economies of scale

VIEW

Step 2: Explanation of the blank answer

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Question 2 Mean reversion of profits for competitive industries suggests that Group of answer choices A. when there are profits, the competition of new firms will reduce that profit; and when there are losses, firms going out of business will reduce profits for businesses that remain B. when there are profits, the competition of new firms will reduce that profit; and when there are losses, firms going out of business will increase profits for businesses that remain C. profits will tend to increase over time D. when there are profits, the competition of new firms will increase that profit; and when there are losses, firms going out of business will reduce profits for businesses that remain Question 3 Mohammad is an accounting major. Upon graduation, he is not sure if he should accept a job offer in accounting from a bank or a law firm. He wants to work in whichever industry expected to have higher profits so he can earn a higher income. According to the indifference principle, Group of…
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit, your costs decrease by PhP5. The cost of the first unit you produce is PhP65. There was a proposal for you to work on a project for five units, what is your break-even price? Suppose that if you get the contract, you estimate that you can win another project for three more units. Now, what is your break-even price for those three units?
advanced microeconomics, uncertainty
Explain the difference between the extensive and the strategic form.
Marginal Cost of: C = 10 + 10q – 4q2 + q3 Thanks in advance!
Question 7 If TC = 88 + 140Q, what is the marginal cost when Q=29? Enter as a value. |
PER-UNIT COST (Dollars) Jouet is a profit-maximizing firm producing toy trains-a capital-intensive good-which are sold in its home country, France, and abroad in Russia. Jouet chose foreign production as a method of penetrating the Russian market and has to decide whether it is more efficient to directly invest in ussia to establish a production subsidiary or to license the technology to a Russian firm to produce its goods. n the following graph, AVCR is the average variable cost curve of a Russian firm producing toy trains. (This curve represents costs such as labor nd materials.) The curve ATCsidiary represents the total unit costs Le Jouet will face if it establishes a subsidiary in Russia. ATCudary AVC Russia 15 20 4 60 75 90 105 120 130 150 PRODUCT (Thousands)
True or false
advanced microeconomics, uncertainty
Is this statement true or false? And why? Manufacturing highly standardised products are usually more profitable in high context cultures due to economies of scale.
Please answer correct explain please asap please both are questions Don't answer by pen paper plz
Given a QD = 100 – 2P and QS = 6P – 20 Graph the S and D