This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What are economies of scale? a. decreasing average costs as production increases b. increasing ... (Read 44 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
What are economies of scale?
 a. decreasing average costs as production increases
  b. increasing average costs as production increases
  c. increasing fixed costs as production increases
 d. none of the above

Question 2

Jim is haggling with a car dealer over the sale price of a used car. Which of the following would determine the amount of surplus Jim extracts from the purchase?
 a. Total difference between the buyer's and seller's valuations of the car
  b. The number of customers trying to buy that particular car
 c. The number of sellers trying to make Jim a sale
 d. All of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
Excellent

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
Production efficiency vs. trophic efficiency Production efficiency vs. trophic efficiency
No gene interaction in the production of feather color in budgerigar parakeets No gene interaction in the production of feather color in budgerigar parakeets
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library