Internal economies of scale lead to imperfectly competitive industries because large firms have cost advantages over small firms, so the correct answer is B.
Economy of scale is the economic advantage that is realized by operating on a larger scale. In general, the average cost per unit of output decreases with increasing scale because fixed costs are spread over more units of output. Operational efficiency is also often greater with increasing scale, which in turn leads to lower variable costs.
When an industry is characterized by economies of scale, it can lead to a monopoly or oligopoly. Only large companies can then produce economically, which means that the barriers to entry for new market players are high.
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Answer: Technician B is correct.
Explanation:
When checking for oil in the engine. One should only Locate the oil dipstick which will give a correct measurement to know how much is in the engine.
Technician A gave wrong information which can lead to environmental hazards if one heeds to his advice
Technician B gave the right answer by saying that oil on the DIPSTICK that catches fire when lit is a sign of fuel in the oil and not the entire oil as proposed by Technician B
Answer:
$214,000
Explanation:
Total Revenues ($740,000 + $103,000) =$843,000
−Total Operating costs ($570,000 + $59,000)
=$629,000
= Total operating profit = $214,000
Therefore Assuming that there are no changes to the existing body shop business, operating profits would be expected to increase during 2021 by $214,000
The SSE measures the variation in the
dependent variable that is explained by variables other than the independent
variable in simple regression analysis.
<span>SSE stands for Sum of Squares Error.
There is a straight line that fits an ordered pair series (x,y), simple
regression analysis allows us to describe that straight line.</span>