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Step 1. External economies of scale arise when the cost per unit remains constant over a broad range of output. rises as the industry grows larger and falls as the average firm grows larger. falls as the industry grows larger and rises as the average firm grows larger. rises as the industry and the average firm grows larger. falls as the ...
External economies of scale occur when average costs Your solution’s ready to go! Enhanced with AI, our expert help has broken down your problem into an easy-to-learn solution you can count on.
Question: External economies of scale can occur whenQuestion 45 options:an industry's firms become more dispersed.there is a decrease in specialized workers.firms seek out consultants for technical knowledge.knowledge of production technology spreads through direct contacts. External economies of scale can occur when. Question 4 5 options:
1. External economies of scale occur when average costs. rise as the industry grows larger. fall as the industry grows larger but rise as the representative firm grows larger. fall as the representative firm and industry grows larger. remain constant. There are 2 steps to solve this one.
Question: External economies of scale A. tends to result in one huge monopoly B. tends to result in large profits for each firm C. cannot be associated with a perfectly competitive industry D. may be associated with a perfectly competitive industry. There are 2 steps to solve this one.
Here they are:- (1) The answer is (E) If the external economies …. 28 When there are external economies of scale, an increase in the size of the market will: A) not affect the number of firms, but will lower the price per unit. B) decrease the number of firms and lower the price per unit. C) decrease the number of firms and raise the price ...
15. External economies of scale occur when: a. average costs fall as the output of individual firms rises. b. average costs fall as the output of the industry rises. c. there are only small fixed costs. d. there are no fixed costs. e. none of the above is correct. 16. Suppose the global market for coffee is monopolistically competitive.
Economics questions and answers. External economies of scale exist when an industry's outputs increase anda.a firm's long run average cost curve shifts downward.b.a firm's long run average cost curve shifts upward.c.a firm's long run average cost curve stays the same.d.a firm's long run average cost curve hits zero.
Business. Economics. Economics questions and answers. External economies of scale happen whenPart 2A.there is a dense network of input suppliers.B.there are knowledge spillovers.C.the presence of a large number of producers in one area helps to create a deep labor market for specialized skills.D.All of the above.
Economics questions and answers. Question 12 (1 point) External economies of scale often arise because similar firms have excellent internal logistics. agree to cooperate to expand global trade. have economies of scale in production. locate in the same geographic region. collude to fix prices and increase profits.