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 64 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
Gracias!

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Saffir-Simpson Scale (Hurricane Intensity Scale) Saffir-Simpson Scale (Hurricane Intensity Scale)
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Production of colorless sectors and reversion of the unstable colorless Production of colorless sectors and reversion of the unstable colorless
Video: Wound Cultures

For a complete list of videos, visit our video library