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 49 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

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Major moons of Uranus in order of increasing distance (left to right), at their proper relative size Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
Average Global Temperature during the Phanerozoic Average Global Temperature during the Phanerozoic
Average Global Temperatures Average Global Temperatures
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Deafness Culture

For a complete list of videos, visit our video library