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

Question

1 Approved Answer

What is the shape of the long-run average cost curve in the range of diseconomies of scale? Answer: In the range of diseconomies of scale

What is the shape of the long-run average cost curve in the range of diseconomies of scale? Answer: In the range of diseconomies of scale the long-run average cost curve is _____________ sloping - in this range as the firm is getting larger and larger the average cost of output increases, which means that in the range of diseconomies of scale smaller firms have a cost advantage

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

Principles of Economics

Principles of Economics

Authors: Fred M. Gottheil

7th edition

978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437

More Books

Students also viewed these Economics questions

Question

★★★★★
Why do you think 'Nicky's Rules' help to make the Tea and Sympathy operation more efficient?

Answered: 1 week ago

Question

★★★★★
13. Which of the following is the first step in the accounting cycle? a. financial statements are prepared b. a trial balance of accounts is prepared c. journal entries are posted in the appropriate...

Answered: 1 week ago

Question

★★★★★
3. Tie the new material to previous lessonsshow an outline or map of how the new topic fits with previous and upcoming material.

Answered: 1 week ago

Question

★★★★★
A cast-iron piston ring has a mean diameter of 81 mm, a radial height h = 6 mm, and a thickness b = 4 mm. The ring is assembled using an expansion tool that separates the split ends a distance...

Answered: 1 week ago

Question

★★★★★
ACC-650 TOPIC 4 Assignment Question 10 of 11 -19 Sunland Company manufactures deep-sea fishing rods, which it distributes internationally through a chain of wholesalers. The following data are taken...

Answered: 1 week ago

Question

★★★★★
19. The Silver Star Bicycle Company will be manufacturing both men's and women's models of its Easy-Pedal bicycles during the next two months. Management wants to develop a production schedule...

Answered: 1 week ago

Question

★★★★★
What is the Linux equivalent of the Windows ls command displaying the details of the files and folders#?

Answered: 1 week ago

Question

★★★★★
Creating a Flexible Organization, describes the various ways organizations arrange themselves to achieve their goals and accomplish tasks. The structure of an organization is a function of the type...

Answered: 1 week ago

Question

★★★★★
Songwriter Dave Carroll wasn't the first person abused by an airline's customer service. But he was the first to show how one person, armed with creativity, some friends, and the Internet, could turn...

Answered: 1 week ago

Question

★★★★★
Suppose an average of 1 0 0 service calls arrive during a business day, service call arrivals are independent events, calls never occur simultaneously, and the average rate is constant throughout the...

Answered: 1 week ago

Question

★★★★★
Maju Jaya Enterprise has 20 direct workers who work 26 days a month. The production rate is 30 minutes per unit with eight (8) working hours per day. The regular labor cost is RM10 per hour....

Answered: 1 week ago

Question

★★★★★
Technology differences tend to skew production in each country toward producing the product(s) in which the country has the relatively _____ technology. Multiple choice question. simpler newer better

Answered: 1 week ago

Question

★★★★★
What are the advantages to management of using a direct costing approach instead of an absorption costing approach?

Answered: 1 week ago

Question

★★★★★
You have told management that one of the advantages of direct costing is that it concentrates attention on the contribution margin. Management asks how contri- bution margin can be used in management...

Answered: 1 week ago

Question

★★★★★
Explain how management can use the break-even approach to estimate quickly the sales volume needed to make a specific desired profit.

Answered: 1 week ago

Previous Question Next Question