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3 years ago

A firm expands its scale of production and finds that it is able to negotiate better prices with its suppliers.

Business

1 answer:

Paha777 [63]3 years ago

4 0

Answer:

Economies of Scale

Explanation:

If a firm expands its scale of production and finds that it is able to negotiate better prices with its suppliers then the curve that best applies to the firm is 'economies of scale'

Economies of scale is a concept in microeconomics that holds that there are benefits of cost reduction that is due to an enterprise when it increases its scale of operation.

The benefit is better demonstrated in the average cost per unit because as more and more units are produced, lesser and lesser portion of the fixed costs of the overhead fixed costs become attributable to each unit and even the variable cost falls because material price becomes cheaper as a result of quantity discounts, even labour could double their output with overtime payment which is less than doubling wages.

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The best is to ask Julia to sit down and discuss with her the issue by asking her to support her ideas (first option).

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<h3>What should you do?</h3>

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2 years ago

On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabi

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Question Completion:

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Answer:

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Income Statement for the month ended June 30, 2017:

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Maintenance and

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Advertising expense 400

Utilities expense 200

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Explanation:

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3 years ago

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Answer:

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Explanation:

Calculation for that minimum price

Sales of port wine $32 per bottle

Less Variable costs ($15 per bottle)

Minimum price $17

($32-$15)

Therefore that minimum price is $17

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3 years ago