15. The economies of scale: a. increase by being able to manufacture in large quantities in...
15. The economies of scale:
a. increase by being able to manufacture in large quantities in one
location to serve multiple national markets.
b. grow as the cost per unit decreases as the volume of production
increases
c. represent a reduction in unit cost as production increases
Homework Answers
Ans) the correct option is c. represent a reduction in unit cost as production increases
Economies of scale occurs when long run average cost declines as more output is produced
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15. The economies of scale:
a. increase by being able to manufacture in large quantities in...
Since economies of scale are achieved when a company is able to produce a large volume...
Since economies of scale are achieved when a company is able to produce a large volume of products (as you stated), does that mean that smaller companies can't ever have economies of scale? Why or why not? Can a company grow so large that they move out of economies of scale and into diseconomies of scale? Why or why not?
Which of the following events would contribute to economies of scale? Large supermarkets being able to...
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28 When there are external economies of scale, an increase in the size of the market...
28 When there are external economies of scale, an increase in the size of the market will: A) not affect the number of firms, but will lower the price per unit. B) decrease the number of firms and lower the price per unit. C) decrease the number of firms and raise the price per unit. D) increase the number of firms and raise the price per unit. E) increase the number of firms and lower the price per unit. -...
__B__ 48. Economies of scale a. require inputs' MPP to fall as output increases (everything else...
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1. Explicit costs ______. do not involve outlays of cash are greater than implicit costs involve...
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Ashley Bradshaw is the manager of one department in a large store. In this capacity, which...
Ashley Bradshaw is the manager of one department in a large store. In this capacity, which of the following kinds of information would she be interested in? Select the correct statement regarding fixed costs Multiple Choice Because they do not change, fixed costs should be ignored in decision making The fried cost per unit increases when volume increases The fixed cost per unit decreases when volume increases The fixed cost per unit does not change when volume decreases
Question 5 In command economies, decision-making is Select the correct answer below: O determined by the...
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2. Economies of scale refers to when: 6. Suppose Winston's annual salary as an accountant is...
2. Economies of scale refers to when:
6. Suppose Winston's annual salary as an accountant is $60,000,
and his financial assets generate $4,000 per year in interest. One
day, after deciding to be his own boss, he quits his job and uses
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runs out of his home. To run the business, he outlays $8,000 in
cash to cover all the costs involved with running the business, and
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what is the answer from 1to 8 plz MULTIPLE CHOICE. Choose the one alternative that best...
what is the answer from 1to 8 plz
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answer the question 1) Which of the following costs change in total in direct proportion to a change in volume? A) period costs B) variable costs C) fixed costs D) mixed costs 2) The fixed costs per unit will A) increase as production increases B) Increase as production decreases C) remain the same as production levels change D) decrease as...
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28 When there are external economies of scale, an increase in the size of the market will: A) not affect the number of firms, but will lower the price per unit. B) decrease the number of firms and lower the price per unit. C) decrease the number of firms and raise the price per unit. D) increase the number of firms and raise the price per unit. E) increase the number of firms and lower the price per unit. -...
Ashley Bradshaw is the manager of one department in a large store. In this capacity, which of the following kinds of information would she be interested in? Select the correct statement regarding fixed costs Multiple Choice Because they do not change, fixed costs should be ignored in decision making The fried cost per unit increases when volume increases The fixed cost per unit decreases when volume increases The fixed cost per unit does not change when volume decreases
Question 5 In command economies, decision-making is Select the correct answer below: O determined by the market O centralized O decentralized O decided by familial or traditional skillsets Question 4 What is the benefit of having economies of scale? Select the correct answer below: O Tasks are broken down into smaller pieces and done by a larger number of workers, instead of all the tasks of production being done by one person. O Production costs increase as the number of...
2. Economies of scale refers to when:
6. Suppose Winston's annual salary as an accountant is $60,000,
and his financial assets generate $4,000 per year in interest. One
day, after deciding to be his own boss, he quits his job and uses
his financial assets to establish a consulting business, which he
runs out of his home. To run the business, he outlays $8,000 in
cash to cover all the costs involved with running the business, and
earns revenues of...
what is the answer from 1to 8 plz
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answer the question 1) Which of the following costs change in total in direct proportion to a change in volume? A) period costs B) variable costs C) fixed costs D) mixed costs 2) The fixed costs per unit will A) increase as production increases B) Increase as production decreases C) remain the same as production levels change D) decrease as...
Production Budget Weightless Inc. produces a small and large version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale East Region unit sales 25,400 33,000 West Region unit sales 27,400 28,800 Total 52,800 61,800 The finished goods inventory estimated for October 1 for the Bath and Gym scale models is 1,600 and 2,000 units, respectively. The desired finished goods inventory for October 31 for the Bath and...
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