1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ryzh [129]
1 year ago
13

In alan blinder's major study of business practices, what proportion of companies reported economies of scale (falling unit cost

s)?
Business
1 answer:
GuDViN [60]1 year ago
4 0

According to Alan Blinder, 11% of companies reported economies of scale. economies of scale mean the cost of production decreases with the increase in the production output. According to Alan Blinder monopoly companies and other big companies with huge production units enjoy economies of scale

Economies of scale refer to the phenomenon in which the average cost per unit of output decreases as the size or scale of the output produced by a firm increases.

This is an example of a natural monopoly. The most efficient number of companies is one. Further economies of scale arise when manufacturing complex products such as automobiles. The manufacturing process involves various complex steps.

There are two types of economies of scale: internal economies of scale and external economies of scale. Internal economies of scale are firm-specific or internally created, while external economies of scale arise from larger changes outside the firm. Both lead to a lower marginal cost of production, but the net effect is the same.

Learn more about economies of scale here: brainly.com/question/780900

#SPJ4

You might be interested in
By definition, empirical probability is equal to:
lidiya [134]

By definition, empirical probability is equal to C. Number of successful trials/Total number of trials.

<h3>What is an empirical probability?</h3>

It should be noted that empirical probability simply means a experimental probability that is based on historical data.

In this case, by definition, empirical probability is equal to the number of successful trials divided by the total number of trials.

Learn more about empirical probability on:

brainly.com/question/16972278

#SPJ1

7 0
2 years ago
Which of the following is an example of corruption?
neonofarm [45]

Answer:

C) Paying a bribe to a company executive in order to be awarded a contract.

Explanation:

Not only politicians or public officials are corrupt, in order for corruption to exist, there must be some private party willing to give a public servant something in exchange for an illegal favor.

During the past few years a huge corruption scandal was uncovered in Brazil, called the lavajato (car wash in English). The most important result was not only the billions of dollars recovered from public servants and politicians, but the fact that the owners and upper management of virtually all the largest Brazilian corporations were sent to jail as accomplices. It is not common that the richest people in a country are sent to jail.

4 0
3 years ago
Merck, a pharmaceutical company, has taken thousands of drugs through the federal approval process and so can do it more cost ef
melomori [17]

Answer:

learning effects

Explanation:

Learning effects: In economics, the term "learning effects" is described as the process through which specific education is considered as increasing productivity and therefore results in producing higher wages. It gives an insight to the company to develop some competitive advantage by decreasing some of the production costs. However, the employees are focused on working more efficiently, decrease in the number of wastes and defects on several products.

In the question above, the given statement signifies the leaning effects.  

4 0
3 years ago
Grace manufactures and sells miniature digital cameras for exist330 each. 2,000 units were sold in May, and management forecasts
svetlana [45]

Answer:

2,080 units

$686,400

Explanation:

The computation of the number of camera sales in units is shown below:-

Number of camera sales in units = Sold units + (Sold units × Percentage of growth in units sales)

= 2,000 + (2,000 × 4%)

= 2,000 + 80

= 2,080 units

The computation of the amount of camera sales is shown below:-

Amount of camera sales = Number of units × Selling price per unit

= 2,080 × $330

= $686,400

5 0
3 years ago
ABC Bank is offering 3.6 percent compounded quarterly on its savings accounts. You deposit some amount of cash in the saving acc
kherson [118]

Answer:

PV= $74,999.97

Explanation:

Giving the following information:

Interest rate= 0.036/4= 0.009

Number of quarters= 5*4= 20

Future value= $89,719

We need to determine the initial inventment. We will use the following formula:

PV= FV/(1+i)^n

PV= 89,719/ (1.009^20)

PV= $74,999.97

4 0
3 years ago
Other questions:
  • Data related to the expected sales of laptops and tablets for Tech Products Inc. for the current year, which is typical of recen
    8·1 answer
  • As suggested by president john. f. kennedy, the consumers’ right to be _____ states that consumers should be assured that the go
    6·1 answer
  • Which of the following will decrease the aggregate quantity of output supplied?
    7·1 answer
  • Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities.
    12·2 answers
  • A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
    8·1 answer
  • Bob, the owner of Orthopedic Supply, just discovered that his trusted friend Ruth, his accountant for over 30 years, has been mi
    12·1 answer
  • ___________ replace the typical magnetic strip on a credit or debit card with a microprocessor. smart cards
    7·1 answer
  • A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education w
    13·1 answer
  • What is the fullform of MAN<br>​
    8·2 answers
  • Hector, a manager at Roseland Corp., recently illustrated __________ by promoting two employees because their performance had gr
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!