1. Explain how transportation costs and internal economies of scale help determine firm location decisions?
2. What are industrial policies? Present the pros and cons of industrial policies.

1. Explain how transportation costs and internal economies of scale help determine firm location decisions? 2....
1) What is internal economies of scale? And why would it be a source of trade? What are the gains of trade in the presence of internal economies of scale? 2) Using graph please explain how performance differences in an industry with internal economies of scale creates winners and losers after trade? Explain step by step.
2) Using graph please explain how performance differences in an industry with internal economies of scale creates winners and losers after trade? Explain step by step.
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...
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.
19. How can we determine a firm is in the stage of Economies of Scale? Its long-run average cost is decreasing as output increases. Its total profit is increasing as output increases Its average revenue is increasing as output increases O All of its short-run average costs are decreasing as outputs increase.
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.
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)
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
2. Under Internal Scale Economies and Monopolistic Competition, what is the impact of International Trade on the price in an industry? Circle one option. (1 point) a. The price increases b. The price decreases C. The price stays the same d. Not enough information to determine the effect of International Trade on the price
Part 1:
When a firm operates with economies of scale, average production
costs:
1) rise when the firm gets larger.
2) fall as the firm gets larger.
3) fall as the firm gets smaller.
4) are unaffected by firm size.
Part 2:
“U-shaped” long-run average cost curves show that as firms get
larger, they usually experience:
1) economies of scale.
2) constant returns to scale.
3) diseconomies of scale.
4) a, b, and c, in that order.
Part 3:
This...