Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Question
Chapter 2, Problem 1IAPA
To determine
To explain:
The reason for Company B to not manufacture the component of Product D at its own factory.
To determine
To explain:
The changes that can occur in the three economic questions, if Company B manufactures all the components of the Product D at its own factories in the US.
To determine
Few tradeoffs that Company B would face in making the Product D.
To determine
To explain:
The reason for Company B's decisions of making Product D could be in social interest.
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Check out a sample textbook solutionStudents have asked these similar questions
WW is a small automobile manufacturer. The table below shows WW’s long-run average total cost:
Quantity of cars
LRATC of car
1
$60,000
2
40,000
3
30,000
4
24,000
5
24,000
6
24,000
7
28,000
8
36,000
a. For which levels of output does WW experience economies of scale? ___________
b. For which levels of output does WW experience diseconomies of scale? ___________
c. For which levels of output does WW experience constant returns to scale? ___________
WW is a small automobile manufacturer. The table below shows WW’s long-run average total cost:
Quantity of cars
LRATC of car
1
$60,000
2
40,000
3
30,000
4
24,000
5
24,000
6
24,000
7
28,000
8
36,000
which levels of output does WW experience economies of scale? ___________
which levels of output does WW experience diseconomies of scale? ___________
which levels of output does WW experience constant returns to scale? ___________
stion 4
There was a manufacturing productivity on the Nash production line which was
about 349 units per hour in 2020. In 2021, the manufacturing productivity was
252 units per hour due to pandemic. What was the productivity growth from
2020 to 2021?
h
Note: Round up to the last 2 decimals example 9.6568->9.66
Answer
4
Chapter 2 Solutions
Foundations of Economics (8th Edition)
Ch. 2 - Prob. 1SPPACh. 2 - Prob. 2SPPACh. 2 - Prob. 3SPPACh. 2 - Prob. 4SPPACh. 2 - Prob. 5SPPACh. 2 - Prob. 6SPPACh. 2 - Prob. 7SPPACh. 2 - Prob. 8SPPACh. 2 - Prob. 9SPPACh. 2 - Prob. 10SPPA
Ch. 2 - Prob. 1IAPACh. 2 - Prob. 2IAPACh. 2 - Prob. 3IAPACh. 2 - Prob. 4IAPACh. 2 - Prob. 5IAPACh. 2 - Prob. 6IAPACh. 2 - Prob. 7IAPACh. 2 - Prob. 8IAPACh. 2 - Prob. 9IAPACh. 2 - Prob. 10IAPACh. 2 - Prob. 11IAPACh. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQ
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