FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Labour pooling is one source of external economies from concentrating production of an industry in a given location. Explain how such economies might change

2. Labour pooling is one source of external economies from concentrating production of an industry in a given location. Explain how such economies might change when the technology of production becomes more standardised. What are the implications for the location of firms in the industry? [2 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Managerial Economics

Authors: Mark Hirschey

12th edition

9780324584844, 324588860, 324584849, 978-0324588866

More Books

Students also viewed these Economics questions

Question

★★★★★
Under IFRS, when depreciating an asset, do managers have to estimate the useful life and salvage value for all components of the asset? Explain.

Answered: 1 week ago

Question

★★★★★
What are the major environmental factors driving increased global competition?

Answered: 1 week ago

Question

★★★★★
What are the (a) parameters in a multiple regression model? (b) regression coefficients in a multiple regression model? (c) regression slopes in a multiple regression model?

Answered: 1 week ago

Question

★★★★★
Peek Corporation owns 70% of the common stock of Seacrest Company. The stock was purchased for $420,000 on January 1, 2007, when Seacrest Companys retained earnings were $100,000. Preclosing trial...

Answered: 1 week ago

Question

★★★★★
Answer A-C Your division is considering two projects with the following cash flows (in millions): Project A $29 Project B $16 $15 $13 $3 3 $6 a. what are the propects' NPVs assuming the wac 's 5%?...

Answered: 1 week ago

Question

★★★★★
For your Unit 4 assignment, imagine that you must prepare a PowerPoint presentation to explain your company's (USE APPLE, INC.) transportation and warehousing strategy to potential investors and...

Answered: 1 week ago

Question

★★★★★
Flyaway Rural Airlines is planning to add the following three aitcraft to its fleet, an Airbus, a Boeing and an fimbraer, with the following characteristic: Part A: Calculate the weighted average...

Answered: 1 week ago

Question

★★★★★
Nithya is setting up QuickBooks Online for the first time. When would she enter an opening balance? Select an answer: when a customer has a balance in her previous accounting system when she wants to...

Answered: 1 week ago

Question

★★★★★
You are a chairperson of source selection, evaluation board for a new jet engine. You had to brief a SSEB member on the procedures for protecting source selection, information what procedures would...

Answered: 1 week ago

Question

★★★★★
Hi-Tech Commerce Co. (HTC) sells and provides service of efficient end-to-end communications and IT systems and solutions. One of the company's key products and services includes Telecom and IT...

Answered: 1 week ago

Question

★★★★★
2) See each part for the question to answer. a) Paulette is looking to decide which of two online ad campaigns (lets call them A and B) would generate the highest purchase conversion. Describe how...

Answered: 1 week ago

Question

★★★★★
A change in a nonprice determinant of supply will: Multiple choice question. rarely occur. cause the market to fall. result in a movement along the supply curve. result in a shift of the supply curve

Answered: 1 week ago

Question

★★★★★
Describe three reasons why cases like this will remain relevant 40 years from now. Describe three developments that could make these cases obsolete. Which will pertain? Will such cases be relevant 40...

Answered: 1 week ago

Question

★★★★★
The project was known to be in trouble, but it seemed to have a life of its own. Ying Kwong, a technology analyst at Oregons Department of Administrative Services, said in May 2013 that the Cover...

Answered: 1 week ago

Question

★★★★★
Assuming the following data, compute: 1. Cash collected from customers. 2. Cash paid for wages and salaries. 3. Cash paid for inventory purchases. 4. Cash paid for taxes. \begin{tabular}{lccc} \hline...

Answered: 1 week ago

Previous Question Next Question