b. An engineering advance induces many firms to upgrade their computer systems.

Q: How do economies of scale affect business models in manufacturing industries, and how can smaller…

A: Economies of scale refer that when a manufacturing company starts their production on large scale it…

Q: What are the economic effects of a new technology that makes it easier for firms to produce goods…

A: Production basically alludes to the most common way of making goods and services to fulfill human…

Q: What is OPEC

A: A market is a place where the buyers and sellers will interact with each other, exchange their views…

Q: thank you

A: Answer 1:Here, it given that, Y1 = $40 K, Y2 = $60 K, Q1 = 24 boxes, and Q2 = 6 boxeswhere Y1, Y2…

Q: Refer to the Front Page article to answer one question. FRONT PAGE Recycling Wastes Money New York…

A: A budget proposal refers to a detailed document comprising of all the information about the expected…

Q: Briefly describe the flow of costs in a manufacturing company?

A: Cost flow refers to how or the direction by which costs pass through a organization. Usually, the…

Q: A library has a bookshelf to store books on that is 5 meters long. A children's book will take up 5…

A: The objective of the question is to determine how many children's books and dictionaries can be…

Q: what are some of the technical advantages that a firm can benefit from selling their products on…

A: Amazon:Amazon is an international market place which selling their goods and services in different…

Q: Capacity Utilization Rate is:     A. The total amount of plant and equipment that is actually being…

A: The capacity utilization rate is used by a country's economists to monitor how its industries are…

Q: Which of the following is an example of lower production costs brought about by the use of…

A: The quantity supplied of the good is defined as the amount of the good the firms are willing and…

Q: Roger quit his job now he spends all his time writing poems and reading them to his ex girlfriend.…

A: Structural unemployment: It is a type of compulsory joblessness brought about by a jumble between…

Q: Which of the following is CORRECT? Select one: a. If a firm is technologically efficient, it is…

A: To be efficient, you have to have to bear the cost of the process. What could be a root cause of…

Q: Continue with the information above, but suppose the college suddenly announces that course fees are…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Total Cost Fixed Cost Variable Marginal Cost Average Fixed Cost Average Variable Cost Average Total…

A: Total cost = Fixed cost + variable cost  Also Fixed cost are same at every level of output.

Q: How the General Systems Theory works in research & development and marketing?

A: idea of general structures is an interdisciplinary ideational framework concentrating at the…

Q: Remaining "How Did I Do?" Uses: 2/5 Two groups of.students decide to start their own tutoring…

A: Total cost is the sum of fixed and variable costs.

Q: If average cost is incresing as output expands, a marginal cost equals average cost b marginal…

A: The average cost is an important concept in economics and business because it helps firms determine…