- Diseconomies of scale result from monthly bike sales of more than 400.
- Economies of scale = fewer than 300 bikes each month
- Monthly bike sales of between 300 and 400 bikes = Constant Returns to Scale.
<h3>What is Diseconomies of scale?</h3>
- Diseconomies of scale are the cost disadvantages that economic actors experience as a result of growing their organizational size or their output.
- Which leads to higher per-unit costs for the production of products and services.
- Economies of scale are opposed by the idea of diseconomies of scale.
<h3>What is Economies of scale ?</h3>
- The cost advantages that businesses experience as a result of their size of operation are known as economies of scale.
- And they are often quantified by the amount of output generated in a given amount of time.
- Scale can be increased when the cost per unit of output decreases.
<h3>What is Constant Returns to Scale?</h3>
- When a company's inputs, such as capital and labor, expand at the same rate as its outputs, or the value of their goods, this is known as a constant return to scale in economics.
- Returns to scale are measurements over a long time.
Learn more about Constant Returns to Scale here:
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Answer:
new law that interfaces with productive efficiency.
Explanation:
The Production possibility curve shows all the two combination of goods or services that can be produced in an economy given its resources and technology. Carrying out production on the production possibility curve is efficient. Carrying out production to the right of the production possibility curve or outside the curve is impossible. Carrying out production inside or to the left of the production possibility indicates inefficiency in production .
Technological improvement and a gain of resources shifts the curve outward.
A loss of resocurces pushes the curve inward.
I hope my answer helps you
Answer:
The answer is "Mission".
Explanation:
Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!
Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.
having a realist and attainable mission is a must for an organization to thrive!
Answer:
PV= $22,677.03
Explanation:
Giving the following formula:
Number of periods (n)= 9 years
Annual payment (A)= $3,800
Discount rate (i)= 12%
<u>First, we will calculate the future value of the payments using the following formula:</u>
FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}
FV= {3,800*[(1.12^9) - 1]} / 0.12 + {[3,800*(1.12^9)] - 3,800}
FV= 56,147.49 + 6,737.7
FV= $62,885.19
<u>Now, the present value:</u>
PV= FV / (1 + i)^n
PV= 62,885.19 / (1.12^9)
PV= $22,677.03
Answer:
The problem of deciding or choosing how to satisfy unlimited wants with limited resources is called economic problem
