Explain the difference between economies of scale and spreading overhead. Why is one a short-run concept and the other a long-run concept
Explain the difference between economies of scale and spreading overhead. Why is one a short-run concept...
. Define and explain the difference between the long run and the short-run production functions. Why are short-run costs higher than costs in the long run? Why are the short-run average and marginal cost curves U shaped? What generates a U shape for the long-run average and marginal cost curves?
What are economies of scale and why are such economies available only in the long run? (in about 600-800 words giving references) Since economies of scale exist, why do long-run marginal costs increase, ultimately, as output increases? (in about 600-800 words giving references)
Explain the difference between a short-run and long-run production function. Cite one example of this difference in a business situation.
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...
explain the difference between the short and long run
What is the difference between "diminishing marginal returns" and "diseconomies of scale"? a. Both concepts explain why marginal cost increases after some point but diminishing marginal returns applies only in the short run when there is at least one fixed factor, while diseconomies of scale applies in the long run when all factors are variable. b. Both concepts explain why average total cost increases after some point but diminishing marginal returns applies only in the short run when there is...
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.
TICUNUL 7. Distinguish between the concept of economies of scale and economies of scope with real world example in case of mergers and acquisition. A . ID
define economies of scale. Explain why economies of scale are so important.
What is the difference between economies of scale and economies of scope? Suppose Nike’s managers were considering expanding into producing sports beverages. Why might the company decide to do this under the Nike brand name?