ZuoTi.Pro
Question

short answer :Question Set 2 A. What is input substitution, and what should the wise business...

short answer :Question Set 2

A. What is input substitution, and what should the wise business manager understand in order to make a sound decision regarding input substitution?


B. When does expanding the size of production result in economies of scale, and when does such expansion result in diseconomies of scale?  

C. What is the minimum efficient scale of operation, and why is it important?

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

A ey ,,ca in economics ,s tha, bu sinus fims Con Proce theirPhd ucrs * Scerrices Sina a van Of aAnnt Combin arions of inp os2. Suppose th then two types of laun mo , Josh mow 8oo (as n a Senson a ScasA a lawn, tha dur- If te conomy to easu he sho d

0 0
Add a comment
Know the answer?
Add Answer to:
short answer :Question Set 2 A. What is input substitution, and what should the wise business...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 2) MRTS or Marginal rate of technical substitution (MRTS) for an isoquant is defined as Δ...

    2) MRTS or Marginal rate of technical substitution (MRTS) for an isoquant is defined as Δ capital / Δ labor, which in turn means that, MRTS will be of higher value when labor is more productive than capital. Select one: True False 3) Regression techniques could involve the issue of 'heteroscedasticity' meaning unequal scatter. This issue is important only when regression is used for demand estimation and not when we use the technique for demand forecasting. Select one: True False...

  • INTERNATIONAL BUSINESS course short essay questions from Chapter 1-4: 1. Compare and contrast World Bank and...

    INTERNATIONAL BUSINESS course short essay questions from Chapter 1-4: 1. Compare and contrast World Bank and IMF. 2. How much world trade is there and what benefits might a company have from the globalization of markets. 3. Explain globalization of production and its benefits. What type of management should a company study if it commits to globalization of production. 4. What are the two types of family group?  Why does the family play an important role in affecting business activities? 5....

  • 1. In the short run production function of a firm, MC, ATC, and AVC curves are...

    1. In the short run production function of a firm, MC, ATC, and AVC curves are usually U Shaped because of: a. diminishing marginal product of variable input as output produced rises. b. increasing marginal product c. the fact that increasing marginal product follows decreasing marginal product d. the fact that decreasing marginal product follows increasing marginal product. 2. Perfectly Competitive market is considered to be efficient in the LR because, among others,: a. MR=MC=P b. MC=P=Minimum ATC c. Produces...

  • Select one of the following users:small accounting business owner, accountant, office manager, or secretary. Use the...

    Select one of the following users:small accounting business owner, accountant, office manager, or secretary. Use the Word Wide Web and your textbook to research and suggest a computer configuration for your selected user. Click the Reply link below to start a new post. Describe a suggested computer configuration for your selected user in your post. Identify all the system components along with examples justifying your choices. Examples should explain why a specific processor was chosen, why a specific amount of...

  • 1. Explicit costs ______. do not involve outlays of cash are greater than implicit costs involve...

    1. Explicit costs ______. do not involve outlays of cash are greater than implicit costs involve outlays of cash are less than implicit costs 2. Opportunity costs can vary from person to person and ______________________. can be calculated easily most of the time can even be different for the same person at different points in time are always known and predictable represent explicit costs only 3. An example of an implicit cost would be ______. transportation expenses salaries rental costs...

  • Read the following short case. What should management do? Use 1 or 2 (at least 1,...

    Read the following short case. What should management do? Use 1 or 2 (at least 1, 2 is better) theories of motivation to analyze what is going on in the case and to develop a management strategy to deal with the situation. Incident: As office manager of the Worthless Paper Products Corporation (WPP), Minnie Reems was responsible for the work of approximately forty employees. Her division was the focus of a study to improve the efficiency and output of her...

  • Answer the question: "what is a system?" It can be as short as one page or...

    Answer the question: "what is a system?" It can be as short as one page or as long as 3 pages. What is a System? The term “system” originates from the Greek term syst¯ema, which means to “place together.” Multiple business and engineering domains have definitions of a system. This text defines a system as: System An integrated set of interoperable elements, each with explicitly specified and bounded capabilities, working synergistically to perform value-added processing to enable a User to...

  • Adam Smith, who was also a moral philosopher, long observed that an individual “by directing ....

    Adam Smith, who was also a moral philosopher, long observed that an individual “by directing . . . industry in such a manner as its produce may be of the greatest value, . . . intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than...

  • Please answer this question using python programming only and provide a screen short for this code....

    Please answer this question using python programming only and provide a screen short for this code. Homework 3 - Multiples not less than a number Question 1 (out of 3) This homework is a SOLO assignment. While generally I encourage you to help one another to learn the material, you may only submit code that you have composed and that you understand. Use this template to write a Python 3 program that calculates the nearest multiple of a number that...

  • Please read the article and answer about questions. You and the Law Business and law are...

    Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT