When the average cost of a typical firm declines as the output of the industry within a

Fantastic news! We've Found the answer you've been seeking!

Question:

When the average cost of a typical firm declines as the output of the industry within a geographic area increases it is referred to as Multiple Choice O constant returns to scale. O internal scale economies. O an oligopoly. O external scale economies

Posted Date: Jun 11, 2024 10:13 AM

See More Questions

How are EPS results computed for a corporation with a sim- ple capital structure?
Trump Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due= $25,000; estimated uncollectible=...
I know its a lot. Thanks 1. A person holds a rifle horizontally and fires at a target. The bullet has a muzzle speed of 195 m/s, and the person hears the bullet strike the target 0.80 s after firing...
10-8: Preferred Stock Preferred stock valuation Ezzell Corporation issued perpetual preferred stock with a 10% annual dividend. The stock currently yields 6%, and its par value is $100. a. What is...
Wright Company makes 75 percent of its sales in cash. Credit sales are collected as follows: 65 percent in the month of sale and 35 percent in the month following the sale. Wrights budgeted sales for...
Two parallel conducting plates are $0.10 \mathrm{~m}$ apart and carry equal and opposite charges. They are large enough relative to the $0.10-\mathrm{m}$ separation distance that we can assume...
Nambe Clay, Inc., produces clay products for art in elementary school art programs. The company's flexible budget income statement for January 2009 shows output levels of $55,000,60,000$, and...
Consider the following special one-parameter case of the gamma distribution, $f(y)=\left(y / \lambda^{2} ight) \exp (-y / \lambda), y>0, \lambda>0$. For this distribution it can be shown that...
A decision must be made between two very high-technology projects, Project $\mathrm{X}$ and Project $\mathrm{Y}$, both with a very short life of 3 years and each having the same cost of $\$ 9,499$....
The quality manager of a chocolate company knows that the packaging machine made a mistake and packed chocolates with almonds in a package of chocolates without almonds. The manager knows that before...
What is the present value (rounded to the nearest dollar) of an annuity of $\$ 8,000$ per year for 5 years if the interest rate is: 1. 8 percent compounded annually. 2. 10 percent compounded annually.
Berlin Company is in a world of hurt. For the past 15 years, the company has been the exclusive toy supplier to Infants-R-Us toy stores. Unfortunately for Berlin Company, Infants-R-Us just declared...
Bremen Company issued 5-year bonds on January 1. The face value of the bonds is $\$ 56,000$. The stated interest rate on the bonds is 8 percent. The market rate of interest at the time of issuance...

When the average cost of a typical firm declines as the output of the industry within a

Question:

Expert Answer:

Students also viewed these economics questions