Diseconomies of scale - Study guides, Class notes & Summaries

C – Where quantity supplied equals quantity demanded 06 D – In those with long training periods 02 A – A decrease in demand for the product 07 A – A high amount of spare capacity 03 D – technical economies of scale. 08 B – –0.8 04 B – A leisure centre 09 A – Books and tablet computers 05 B – Raw materials 10 B – 50 tonnes State two different examples of the factor of production known as land. 2 AO1 = 2 1 mark for each correct example (max 2) Possible an...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

ECON 101 Final Exam 2024 Questions and Answers Solved 100%;AMU Attempt 1 of 1 Written Apr 26, 2024 11:26 AM - Apr 26, 2024 11:37 AM Attempt Score 100 / 100 - 100 % Overall Grade (Highest Attempt) 100 / 100 - 100 % Question 1 6 / 6 points The representative firm in a purely competitive industry: Will always earn a profit in the short run May earn either an economic profit or a loss in the long run Will always earn an economic profit in the long run Will earn ...

Effective capacity cannot be - correct answer in excess of design capacity. The maximum output rate or service that is possible is called the ____ capacity - correct answer design The ratio of actual output to effective capacity is called the - correct answer efficiency The actual output to design capacity is called the - correct answer utilization A capacity cushion is the difference between __________ and __________. - correct answer capacity; expected demand When an e...

d. As the size of the firm increases it becomes more difficult to coordinate the operations of its manufacturing plants. correct answers Which of the following is a reason why a firm would experience diseconomies of scale? a. As the size of the firm increases, it becomes more difficult to find markets where it doesn't already have operations. b. As the size of the firm increases, it must operate in other countries where differences in language, customs and laws increase its average costs. c....

CPA BEC EXAM Demand Elastic means - ANSWER-large ∆ in demand when there is a small ∆ in price Price Elasticity of Demand Formula - ANSWER-%∆in quantity demanded / %∆in Price Demand becomes _________ elastic over time - ANSWER-more Goverment actions that affect market equilibrium - ANSWER-price ceiling cost floor (cause qty supplied to exceed qty demanded) a demand curve shifts _________ whereas a supply curve shifts ______ - ANSWER-up/down outward/inward diseconomies ...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

4 steps to future-proof your career - 1. Become tech fluent 2. Get ready for lifelong learning 3. Accept change as the new normal 4. Hone your unique, human skills AI-induced bias* - An issue with AI systems where biases can be created with AI systems and then become amplified as the algorithms evolve. Artificial intelligence and Bias: The four key challenges - 1. Bias built into data 2. AI-Induced bias 3. Teaching AI human rules 4. Evaluating cases of suspected AI bias Digital signatu...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

capacity : maximum rate of output of a process or a system capacity management consists of: : capacity planning constraint management capacity planning : long term econonomies/diseconomies of scale capacity timing and sizing strategies systematic approach constraint management : short term TOC 2 | P a g e identification/mgmt of bottlenecks product mix decisions using bottlenecks managing constraints in a line process output measures of capacity : high volume, standardized proc...