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Mandarinka [93]
3 years ago
6

Which statements are true regarding economies of scale?Choose one or more:A.When a firm has a natural monopoly, it has that type

of monopoly because of economies of scale.B.To maximize profits, a monopoly that occurs because of economies of scale should produce an output so that marginal revenue equals marginal costs.C.Economies of scale typically cause an industry to be perfectly competitive.D.A firm that has economies of scale sees its average total costs decrease when production increases.
Business
1 answer:
Brilliant_brown [7]3 years ago
3 0

Answer:

<h2>The answers in this case would be options A. B. and D.</h2>

Explanation:

  • In Microeconomics or Production Economics,economies of scale refers to a phenomenon under which any firm or company is able to reduce or control its per unit cost of production or the average cost of production and increase the overall production or output level simultaneously.
  • Natural monopolies can arise due to consistent economies of scale.As any firm or company is able to consistently reduce or control its average cost of production as the production or output level expands,it can obtain a significant competitive or cost advantage in the market over its market counterparts or rivals.Hence,successful and consistent exploitation of economies of scale can eventually give rise to natural monopolies.
  • Any monopoly firm or company produces the output level at which the marginal revenue or the additional or incremental revenue obtained from selling one more unit of the output is equal to the additional or incremental cost incurred to produce that 1 more unit of output or the marginal cost.This output level is the profit maximizing output of any monopoly.Therefore,natural monopolies also produce the output level and charge per unit output price which correspond to the equality between marginal revenue and marginal cost of production.
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Looking back over the last ten years or so, what was changed in your workplace? What do you think will happen next in your work
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While the illustrious BlackBerry has all but disappeared from the workplace of 2019, there has been plenty of technologies in its wake to replace it. Let’s take a look at how the workplace has changed, communication tools and otherwise, in the past decade.

1. Collaboration over competition

“So many things have happened in the last decade that have really accelerated this change from competition to collaboration,” said Ann Shoket, workplace thought leader and former Editor-In-Chief of Seventeen Magazine.

“So first of all this old idea that there was room at the table for one woman, and you would fight tooth or nail for that spot, so obviously there was a lot of competition, particularly among women.

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2. It’s an employee market, not an employer market  

“Reflecting back on 2010 and what the economic circumstances were versus where we are at today, the competition for talent was very different in 2010 than as we enter 2020,” said Rhiannon Staples, the Chief Marketing Officer at Hibob.

Low unemployment rates today mean that job seekers have more options, and employees have more leverage in terms of what they can expect of their company due to the competition for top talent.

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8 0
2 years ago
The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)
zepelin [54]

Answer: Managerial Accounting

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Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.

This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.

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5 0
3 years ago
Bruce &amp; Co. expects its EBIT to be $100,000 every year forever. The firm can borrow at 11 percent. Bruce currently has no de
zhenek [66]

Answer:

15.16 percent

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Placing values in the formula

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Debt / Equity ratio = 15.16%

3 0
3 years ago
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