Homework Answers
Answer: MES is the scale of operation at which diseconomies of scale starts to dominate.
Disecomies of scale occurs when a firm experiences increasing marginal cost per additional unit of output. At MES scale of operation, the diseconomy of scale increases and starts to dominate.
Add Answer to:
Question 18 1 pts 18. Which of the following is most accurate about the Minimum Efficient...
18. Which of the following is most accurate about the Minimum Efficient Scale (MES) of a firm? O Because a firm has var...
18. Which of the following is most accurate about the Minimum Efficient Scale (MES) of a firm? O Because a firm has various short-run average cost curves, it also has various MES scales. O MES is the scale of operation at which diseconomies of scale starts to dominate. O MES is the scale of operation where at least one short-run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has variou...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has various short-run average cost curves. It also has various MES scales. MES is the scale of operation at which diseconomies of scale starts to dominate. OMES is the scale of operation where at least one short run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its MES. D Question...
4) It's time for a beer (question). The graphic below depicts the minimum efficient scales of the U.S. beer-brewing ind...
4) It's time for a beer (question). The graphic below depicts the minimum efficient scales of the U.S. beer-brewing industry for the years 1950 and 2000, as well as the implied long-run average total cost (LRATC) curve. On the graph, sketch reasonable U-shaped SHORT-RUN ATC curves for brewers in the years 1950 and 2000. Average cost of production, various brewers, 2000 160 Minimum Efficient Scale (MES) 140 Long-run ATC Cost per barrel (2000$ MES, 1950 100.000 bls MES, 2000 18...
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people...
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people employed increases. O B. A firm's minimum efficient scale is the smallest quantity of output at which long-run average cost reaches its lowest level. C. D. At outputs greater than the minimum efficient scale, a firm experiences economies of scale. At outputs less than the minimum efficient scale, a firm experiences diseconomies of scale.
The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average...
The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average total cost curve for a firm. Cost Curves 11 10 - 9 LRATC SRATC SRMC SRATC SRMC Per unit costs SRATO SRMC . 10 10 Quantity Which cost curves represent an efficient firm producing where there are diseconomies of scale? (Click to select) | Which cost curves represent an efficient firm producing where there are economies of scale? (Click to select) Which cost curves...
Question 18 3 pts 18. Which of the following short-run cost curves is horizontal? fixed cost...
Question 18 3 pts 18. Which of the following short-run cost curves is horizontal? fixed cost average fixed cost marginal cost average variable cost variable cost Question 19 3 pts 19. Minimum efficient scale is the smallest output that allows a frm to: minimize its long-run average cost. optimize its plant size minimize its short run average total cost. minimize its long-run marginal cost minimize its short-run total cost.
Which of the following statements is accurate? Select the correct answer below: A. when the long-run...
Which of the following statements is
accurate?
Select the correct answer below:
A. when the long-run average cost (LRAC)
decreases as output increases, a firm is experiencing diseconomies
of scale.
B. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing diseconomies
of scale.
C. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing economies of
scale.
D. when the long-run average cost (LRAC)
decreases as output increases, a firm is...
Which of the following statements is (are) correct? (x) The average variable cost curve declines as...
Which of the following statements is (are) correct? (x) The average variable cost curve declines as quantity increases because variable costs always decrease as output increases. (y) The average variable cost curve and average total cost curve will eventually intersect as output increases because average fixed cost eventually becomes negative. (z) The marginal cost curve crosses the average total cost curve at the efficient scale, which occurs at the minimum point on the average total cost curve. A. (x), (y)...
8:587 18:26:20 Exit D 24. The figure below shows short-run average total cost curves for a...
8:587 18:26:20 Exit D 24. The figure below shows short-run average total cost curves for a firm under four different production technologies. Assume that there are only four different technologies that the firm could use. Price ATC, ATC ATC Q, Q.QQQQQ Quantity Refer to the figure above. Between the output quantity QA and QC, the long-run average total cost curve of the firm exhibits constant returns to scale diminishing marginal product diseconomies of scale economies of scale
< Assignment Score 74.4% C Give Up? Feedback Resume Question 4 of 15 > Attempt 2...
< Assignment Score 74.4% C Give Up? Feedback Resume Question 4 of 15 > Attempt 2 The graph depicts the long-run average total cost curve (LRATC) for a firm and some possible short-run average total cost curves (SRATC). Average total cost Given the LRATC curve, which SRATC curve could NO be part of the firm's cost structure? SRATC 1 SRATC O none of these O all of these OSRATC2 OSRATC 3 OSRATC1 Which of the three types of scale does...
18. Which of the following is most accurate about the Minimum Efficient Scale (MES) of a firm? O Because a firm has various short-run average cost curves, it also has various MES scales. O MES is the scale of operation at which diseconomies of scale starts to dominate. O MES is the scale of operation where at least one short-run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its...
18. Which of the following is most accurate about the Minimum Encient Scale (MES) of arm? Because a firm has various short-run average cost curves. It also has various MES scales. MES is the scale of operation at which diseconomies of scale starts to dominate. OMES is the scale of operation where at least one short run average cost starts to increase Specialization of labor can contribute to a firm's productivity only after it has reached its MES. D Question...
4) It's time for a beer (question). The graphic below depicts the minimum efficient scales of the U.S. beer-brewing industry for the years 1950 and 2000, as well as the implied long-run average total cost (LRATC) curve. On the graph, sketch reasonable U-shaped SHORT-RUN ATC curves for brewers in the years 1950 and 2000. Average cost of production, various brewers, 2000 160 Minimum Efficient Scale (MES) 140 Long-run ATC Cost per barrel (2000$ MES, 1950 100.000 bls MES, 2000 18...
Choose the correct statement 0 AfoA firm's minimum efficient scale increases when the number of people employed increases. O B. A firm's minimum efficient scale is the smallest quantity of output at which long-run average cost reaches its lowest level. C. D. At outputs greater than the minimum efficient scale, a firm experiences economies of scale. At outputs less than the minimum efficient scale, a firm experiences diseconomies of scale.
The following graph shows short-run marginal cost curves, short-run average cost curves, and a long-run average total cost curve for a firm. Cost Curves 11 10 - 9 LRATC SRATC SRMC SRATC SRMC Per unit costs SRATO SRMC . 10 10 Quantity Which cost curves represent an efficient firm producing where there are diseconomies of scale? (Click to select) | Which cost curves represent an efficient firm producing where there are economies of scale? (Click to select) Which cost curves...
Question 18 3 pts 18. Which of the following short-run cost curves is horizontal? fixed cost average fixed cost marginal cost average variable cost variable cost Question 19 3 pts 19. Minimum efficient scale is the smallest output that allows a frm to: minimize its long-run average cost. optimize its plant size minimize its short run average total cost. minimize its long-run marginal cost minimize its short-run total cost.
Which of the following statements is
accurate?
Select the correct answer below:
A. when the long-run average cost (LRAC)
decreases as output increases, a firm is experiencing diseconomies
of scale.
B. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing diseconomies
of scale.
C. when the long-run average cost (LRAC)
increases as output increases, a firm is experiencing economies of
scale.
D. when the long-run average cost (LRAC)
decreases as output increases, a firm is...
8:587 18:26:20 Exit D 24. The figure below shows short-run average total cost curves for a firm under four different production technologies. Assume that there are only four different technologies that the firm could use. Price ATC, ATC ATC Q, Q.QQQQQ Quantity Refer to the figure above. Between the output quantity QA and QC, the long-run average total cost curve of the firm exhibits constant returns to scale diminishing marginal product diseconomies of scale economies of scale
< Assignment Score 74.4% C Give Up? Feedback Resume Question 4 of 15 > Attempt 2 The graph depicts the long-run average total cost curve (LRATC) for a firm and some possible short-run average total cost curves (SRATC). Average total cost Given the LRATC curve, which SRATC curve could NO be part of the firm's cost structure? SRATC 1 SRATC O none of these O all of these OSRATC2 OSRATC 3 OSRATC1 Which of the three types of scale does...
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 18 minutes ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 18 minutes ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 23 minutes ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 33 minutes ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 57 minutes ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 47 minutes ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 56 minutes ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 54 minutes ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 54 minutes ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 56 minutes ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 1 hour ago -
How much money should be invested today in order to have $8340
at the end of...
asked 1 hour ago