Homework Answers
Answer
Option 2
Economics of scale is where ATC is decreasing and that is from 0
units to 300 units
The constant return to scale is where LRATC is constant and that is
between 300 and 500
Diseconomies of scale are where LRATC is increasing and that is
above 500 units off the output
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$60 $50 $40 Long-Run Average Total Cost $30 $20 $10 $0 0 100 200 700 800...
$70 $60 $50 $40 Long-Run Average Total Cost $30 Long Run Average Total Cost Necklace Factory...
$70 $60 $50 $40 Long-Run Average Total Cost $30 Long Run Average Total Cost Necklace Factory $20 $10 $0 $0 0 100 200 300 400 500 600 700 800 900 Quantity of Necklaces The above graph shows the long run average total cost for a factory that produces necklaces. Between which of the following quantities does this factory experience economies of scale? 300 necklaces and 500 necklaces 500 necklaces and 900 necklaces 300 necklaces and 900 necklaces O necklaces and...
Costs in the short run versus in the long run Ike’s Bikes is a major manufacturer...
Costs in the short run versus in the long
run
Ike’s Bikes is a major manufacturer of bicycles. Currently, the
company produces bikes using only one factory. However, it is
considering expanding production to two or even three factories.
The following table shows the company’s short-run average total
cost (SRATC) each month for various levels of production if it uses
one, two, or three factories. (Note: Q equals the total quantity of
bikes produced by all factories.)
Number of Factories...
Attempts: Average: /4 5. Costs in the short run versus in the long run Ike's Bikes...
Attempts: Average: /4 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of blcycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all...
5. Costs in the short run versus in the long run Ike's Bikes is a major...
5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of...
5. Costs in the short run versus in the long run Ike’s Bikes is a major...
5. Costs in the short run versus in the long
run
Ike’s Bikes is a major manufacturer of bicycles. Currently, the
company produces bikes using only one factory. However, it is
considering expanding production to two or even three factories.
The following table shows the company’s short-run average total
cost (SRATC) each month for various levels of production if it uses
one, two, or three factories. (Note: Q equals the total quantity of
bikes produced by all factories.)
Suppose Ike’s...
5. Costs in the short run versus in the long run Ike's Bikes is a major...
5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Average Total...
Homework (Ch 13) 5. Costs in the short run versus in the long run Ike's Bikes...
Homework (Ch 13) 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company'shortcun average total cost (SRATC) each month for various levels of production if it was one, two or the factories. (Note: Q the total quantity of bikes produced by all factories.) uals...
The Costs of Production (Mobile-Enabled) Graded Assignment | Read Chapter 13 | Back to Assignment Due Sunday 05.12.19 at 11:00 PM Average: /4 Attempts: . Costs in the short run versus in the long run...
The Costs of Production (Mobile-Enabled) Graded Assignment | Read Chapter 13 | Back to Assignment Due Sunday 05.12.19 at 11:00 PM Average: /4 Attempts: . Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels...
4. Costs in the short run versus in the long run Ike’s Bikes is a major...
4. Costs in the short run versus in the long run Ike’s Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company’s short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of...
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4...
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4 5 6 7 8 9 10 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $200 $300 $400 $500 $600 $700 $800 $900 $1000 $1100 $1200 $800 $733.33 $750 $800 $866.67 $942.86 $1025 $1111.11 $1200 The above table shows the costs of a small manufacturer producing different quantities of exercise machines. If the exercise machine market is perfectly competitive and exercise machines cost...
$70 $60 $50 $40 Long-Run Average Total Cost $30 Long Run Average Total Cost Necklace Factory $20 $10 $0 $0 0 100 200 300 400 500 600 700 800 900 Quantity of Necklaces The above graph shows the long run average total cost for a factory that produces necklaces. Between which of the following quantities does this factory experience economies of scale? 300 necklaces and 500 necklaces 500 necklaces and 900 necklaces 300 necklaces and 900 necklaces O necklaces and...
Costs in the short run versus in the long
run
Ike’s Bikes is a major manufacturer of bicycles. Currently, the
company produces bikes using only one factory. However, it is
considering expanding production to two or even three factories.
The following table shows the company’s short-run average total
cost (SRATC) each month for various levels of production if it uses
one, two, or three factories. (Note: Q equals the total quantity of
bikes produced by all factories.)
Number of Factories...
Attempts: Average: /4 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of blcycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all...
5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Number of...
5. Costs in the short run versus in the long
run
Ike’s Bikes is a major manufacturer of bicycles. Currently, the
company produces bikes using only one factory. However, it is
considering expanding production to two or even three factories.
The following table shows the company’s short-run average total
cost (SRATC) each month for various levels of production if it uses
one, two, or three factories. (Note: Q equals the total quantity of
bikes produced by all factories.)
Suppose Ike’s...
5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) Average Total...
Homework (Ch 13) 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company'shortcun average total cost (SRATC) each month for various levels of production if it was one, two or the factories. (Note: Q the total quantity of bikes produced by all factories.) uals...
The Costs of Production (Mobile-Enabled) Graded Assignment | Read Chapter 13 | Back to Assignment Due Sunday 05.12.19 at 11:00 PM Average: /4 Attempts: . Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels...
Marginal Cost Average Variable Cost Average Total Cost Quantity of Exercise Machines 1 2 3 4 5 6 7 8 9 10 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $200 $300 $400 $500 $600 $700 $800 $900 $1000 $1100 $1200 $800 $733.33 $750 $800 $866.67 $942.86 $1025 $1111.11 $1200 The above table shows the costs of a small manufacturer producing different quantities of exercise machines. If the exercise machine market is perfectly competitive and exercise machines cost...
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