Define ‘economies of scope’ and ‘economies of scale’. Discuss how they are similar. Discuss how they...
Define and describe the similarities or differences between "Economies of Scope" and "Economies of Scale".
1. How does the economies of scope concept differ from the economies of scale concept? 2. Related diversification causes bureaucratic costs to increase more than unrelated diversification. Explain why that is the case.
Select ANY company, which is enjoying economies of scale, economies of scope or both. Explain briefly how this company achieves the economies of scale/scope.
Define & explain the following in economic terms: 1)Economies of Scale/Minimum Efficient Scale 2)How luck (or randomness, or industry instability) can lead to concentrated market structure
Economies of scale, scope, and specialization (and speed) may indeed impose contradictory and conflicting strains on an enterprise. Provide an example of how these drivers could have an impact on large, tertiary care hospitals with multiple specialties? Construct specific examples of how the contradictions of scope, scale, and specialization/speed could play out in the case of a hospital.
3. Under Internal Scale Economies and Monopolistic Competition, explain how International Trade can improve economic efficiency within an industry by changing the types of firms in the industry. (2 points)
4. Under Internal Scale Economies and Monopolistic Competition, explain how this type of International Trade is consistent with the Gravity Model of Trade. (2 points) a.
3 to 5 sentances each 1. Distinguish economies and diseconomies of scale. How can the extent to which economies and one scale explain the size and number of real world firms in an industry? 2. Distinguish the short run from the long run Generally, what causes costs of production to vary with output in the short ruan? What generally causes costs of production to vary in the long run? 3. What is the difference between economic and accounting profit? Why...
1. The numbers listed under each item below are the costs for producing Product A, Product B, and Products A and B together. Which set of costs exhibits economies of scope? a. 100, 150, 250 b. 100, 150, 260 c. None of these cost listings exhibit economies of scope d. 100, 150, 240 2. When MC rises above AC, then we know that a. AC declines b. AC remains the same c. AC is negative d. AC increases 3. The...
Define and explain how Plan risk management and monitor risk could be applied to manage scope risk. risk management.