Answer:
Costs go down
Explanation:
In Microeconomics, economies of scale can be defined as cost reductions or cost advantages that arises when a business entity is increases its production or are large in size.
This ultimately implies that, when an organization chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.
Furthermore, economies of scale is evident when employees are able to specialize in a specific task. This is so because having a good number of professionals and experts would increase the level of production or output, as they are quite conversant with the best method of production, time management and efficiency.
Average Total Cost (ATC) can be defined as the overall cost of production divided by total output of production. It is calculated by dividing total cost by total output of production or by adding TVC and TFC.
Generally, the shape of the average total cost (ATC) for a firm experiencing economies of scale is horizontal and downward sloping.
This ultimately implies that, for the average total cost curve of a firm with economies of scale, the costs go down as output increases.
Answer:
Order effect
Explanation:
Order effect refers to a common phenomenon which involves different arrangement patterns on a subject topic and the only way to prevent this is by always giving the same arrangement or treatment.
April has participants in her study complete part A, followed by B, C, and then D. After the data analysis she notices that level D was always different from the rest of the levels. This is a result of a different arrangement pattern or treatment and it clearly explains the order effect.
Answer:
4/7×4/7×4/7= 64/343 is the fraction
Answer:
In an office, every employee has an absolute and comparative advantage depending on the type of work he/she is best at.
In Hector's office, the employee Sasha worked as a computer designer and was excellent in her work. This means that the employee Sasha had an absolute and comparative advantage as she was efficient in her work and hence, there was no opportunity cost of her side of work.
The employee, Maurice was best in logo designing. Hence, he had a absolute and comparative advantage as he was good in logo designing and their was no other opportunity cost for his work.
Jerusalem is the city in the Middle East that Jews, Christians, and Muslims consider sacred. Thus, the answer is letter C. They consider the city holy. <span>The reasons why the place is holy may be different from one religion to another. </span>Its importance dates back to the biblical stories.
