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mixer [17]
2 years ago
10

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

Business
1 answer:
olga2289 [7]2 years ago
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:

brainly.com/question/23633985

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The following chart represents the schedule of workers and wages for an ice cream shop. Considering that this is a perfect compe
Ronch [10]

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3 workers

Explanation:

At optimal point, wage = Price * Marginal Product of Labour (MPL)

When 3 workers are employed,

Since wage is given = 25

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When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24

                                OR

salary paid = $25*3 = $75

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This combination provides the best profit margin which is 96 - 75 = $21.

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3 years ago
Each day, Tasty Tortilla Company incurs total costs of $8,000 to process flour into tortillas. The company can sell the tortilla
Murljashka [212]

Answer:

c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.

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3 years ago
Select the scenario that best describes the recommended approach for developing team goals.
aleksley [76]

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d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.

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