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1 year ago

Economies of scale imply that within some range one can increase the size of operation and?

1 answer:

3 0

Economies of scale imply that within some range one can increase the size of operation and the average total cost will go down.

<h3>What is Economies of scale?</h3>

In microeconomics, economies of scale refer to the cost advantages that businesses experience as a result of their size of operation.
These cost advantages are often quantified by the amount of output generated in a given amount of time. An expansion in scale is made possible by a drop in the cost per unit of output.
There are two different kinds of economies of scale: internal and external.
When compared to external economies of scale, which arise as a result of more significant developments outside the organization, internal economies of scale are firm-specific or created inside.
Despite the fact that both lead to lowering marginal costs of production, the overall consequence is the same.

Learn more about Economies of scale here:

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2 years ago

The probability that Mary will win a game is 0.03, so the probability that she will not win is 0.97. If Mary wins, she will be g

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Answer:

Expected value of X = -11.09

Explanation:

Expected profit:

= Probability of winning × Amount she wins

= 0.03 × $180

= 5.4

Expected loss:

= Probability of loosing × Amount she paid

= 0.97 × $17

= 16.49

Let X be amount of money Mary wins or loses.

E(X) = Expected profit - Expected loss

= 5.4 - 16.49

= -11.09

Expected value of X = -11.09

That is expected value of loss of $11.09

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2 years ago

On September 1, 20X1, Revsine Co. approved a plan to dispose of a segment of its business. Revsine expected that the sale would

Lady_Fox [76]

Answer:

losses from discontinued operations 395,000

Explanation:

From 1/1/20X1 to 8/31/20X1 <u>realized </u>loss 300,000

From 9/1/20X1 to 12/31/20X1 <u>realized </u>loss 200,00

<em><u>EXPECTED </u></em>Profit from 1/1/20X2 to 3/31/20X2 400,000

As the accounting carries the accrued principles Revsine's expectations aer not accrued thus, do not included until realized.

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3 years ago

The Securities and Exchange Commission is an example of a _____.

galben [10]

Answer:

(A). Federal Administrative Agency

Explanation:

The Securities and Exchange Commission(SEC) is an independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities market.

The Securities and Exchange Commission was created in 1934 to help restore investor confidence in the wake of the 1929 Stock Market Crash.

The SEC is allowed to bring only civil actions, either in federal court or before an administrative judge.

Most of the administrative agencies are under the supervision of the President. Since SEC is an independent body, the President exercises limited power and control over it. But he does play a major role in influencing the activities of such independent bodies.

Thus, The Securities and Exchange Commission is an example of a Federal Administrative Body i.e option (A).

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3 years ago