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

Question

1 Approved Answer

As the cumulative output in a firm increases, managers learn how to optimize the production process and improve workers' performance through repetition. This drives down

As the cumulative output in a firm increases, managers learn how to optimize the production process and improve workers' performance through repetition. This drives down the per-unit cost. Which of the following phenomena is best described here? a. learning effects b. network effects c. productivity frontier d. diseconomies of scale

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

Step: 3

blur-text-image

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

Modern Principles of Economics

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

More Books

Students also viewed these Economics questions

Question

★★★★★
If 4.0 g of steam at 100.0°C condenses to water on a burn victim's skin and cools to 45.0° C, (a) how much heat is given up by the steam? (b) If the skin was originally at 37.0°C, how...

Answered: 1 week ago

Question

★★★★★
=+ 2. In small groups, discuss the policies and training programs in your organizations that address equal employment opportunity. What recommendations would you make to improve the least successful...

Answered: 1 week ago

Question

★★★★★
1. If African American students are more likely to be identified for special education services and placed outside of the general education system than White students. Which one of the following is...

Answered: 1 week ago

Question

★★★★★
The R&D division of Jobe Corp. has just developed a chemical for sterilizing the vicious Brazilian killer bees which are invading Mexico and the southern United States. The president of Jobe is...

Answered: 1 week ago

Question

★★★★★
On January 1, Year 1, Brown Co. borrowed cash from First Bank by issuing a $49,500 face value, four-year term note that had an 9 percent annual interest rate. The note is to be repaid by making...

Answered: 1 week ago

Question

★★★★★
The CEO of Hilton has been hearing a lot about green building standards lately and feels business might be getting lost to the Niagara Falls Convention Centre, a LEED-certified building. She has...

Answered: 1 week ago

Question

★★★★★
Horace entered into the Achimota Mall branch of Shoprite with the intention of purchasing his favourite Royal energy drink. While in the shop, he spotted a bottle of the drink being displayed on one...

Answered: 1 week ago

Question

★★★★★
Determine the Appropriate Function and Write a QUERY: Choose a table, choose a column in the table that allows and has null values and replace (in your query) the null values with any value you...

Answered: 1 week ago

Question

★★★★★
Plot the six risks on a probability/impact matrix using the probability / impact matrix template. Also assign a numeric value for the probability and impact of each risk on meeting the main project...

Answered: 1 week ago

Question

★★★★★
3. (1 point) Given the free-body diagram shown below, what is the value of M at x=2 m? 10 kN 10 kN A. -20 kN-m B. -10 kNm I: C. 0 kNm 10 kN-m D. 10 kNm 5 kN 15 kN 3 m 5 m 1 m 1 m E. 20 kNm O A. A O...

Answered: 1 week ago

Question

★★★★★
is financing obtained from investment firms that specialize in financing small, high - growth companies includes all the money the owner of the business invests in his or her new enterprise is...

Answered: 1 week ago

Question

★★★★★
A,newly assigned project manager is reviewing the project management plan and realizes that the project is running behind schedule. What should the new project manager do to address this situation?...

Answered: 1 week ago

Question

★★★★★
Keep your head straight on your shoulders

Answered: 1 week ago

Question

★★★★★
Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

★★★★★
Wear as little as possible

Answered: 1 week ago

Previous Question Next Question