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explain why spacex has the characteristics of a monoply structure
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- Suppose that an ISP leases a new server in order to increase the speed of Internet service by increasing the bandwidth that is available to its customers. Would the cost of this lease increase fixed costs, variable costs, marginal costs, or all of them?What sort of business risks does the availability of cloud computing help to mitigate or eliminate? Do firms that rent cloud computing services benefit from the long-run economics of scale available to firms that offer cloud computing services?What is optimization? How does it blow up the myth about profit being a result of a mere increasedecrease interplay between cost and revenue? How much should a firm sell of a particular product in order to maximize profit? What factor does it have to consider in arriving at this decision?
- The United Kingdom started regulating the size of grocery stores in the early 1990s, and today, the average size of a typical UK grocery store is roughly half the size of a typical U.S. store and two-thirds the size of a typical French store (Haskel and Sadun, 2011). What implications would such a restriction on size have on a store's average costs. Discuss in terms of economics of scale and scope. OA. Grocery store size does not affect the long-run average cost of production if there are economies of scale. B. Grocery store size does not affect the long-run average cost of production if there are diseconomies of scale c. The long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale Oo. The long-run average cost of production for U.K. grocery stores is higher if there are diseconomics of scale. OE. The long-run average cost of production for U.K. grocery stores is higher if there are no economies of scale Assume smaller grocery stores…Let us assume you are a consultant of a firm. You realize that due to costs structures changes, the price of the firm is now below the average total cost, but this price is greater than the average varible cost. Your partner in the consulting business suggests you that to reduce output and reduce the price as well. Do you agree with this statement? Explain why you do or do not. Only typing answer Please explain step by step4. Ikea Inc., a home remodeling business. The number of square feet they can remodel in a day is described by the Cobb-Douglas production function Q= F (L,K)= 4K5L0.5 where L is their number of workers and K is units of capital. The wage rate is $5 a day, and a unit of capital costs $20 a day. What is their minimum cost input combination for remodeling (Q=200) 200 square feet a day? What is the total minimum cost level? (15p)
- The Mini-Case "Economies of Scale at Google describes economies of scale for Google Cloud Storage. The cost function for this service is well-approximated by K C(q)-F+cq where C is total cost, F is fixed cost, c is a constant and q is output. What is marginal cost for this cost function? What are the average fixed cost, average variable cost, and average cost? Over what range of output does Google have economies of scale? The marginal cost function (MC) is The average fixed cost function (AFC) is AFC- The average variable cost function (AVC) is AVC- MC-C The average cost function (AC) is AC- (Property format your expressions using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg, a fraction can be created with the character) Time Remaining: 02.09.09What effect might a decrease in the demand for high definition televisions have on the short-run average total costcurve for this product?The Mini-Case “Economics of Scale at Google” describes economies of scale for Google Cloud Storage. The cost function for this service is well approximated by C=F +cq, where C is total cost, F is fixed cost, c is a constant, and q is output. What is marginal cost for this cost function? What is average cost? Over what range of output does Google have economies of scale?
- Suppose that Jump A Lot Inc. can produce 12 trampolines a day for a total cost of $1,840. If technology and input prices remain the same and total cost increases to $3,680, what must be the new quantity of output per day under conditions of a) constant returns to scale (Click to select) b) economies of scale (Click to select) c) diseconomies of scale ✓ (Click to select) output increases to more than 24 output increases to less than 24 output increases to 24Given the following cost functions: TC=100+60Q-3Q2+0.1Q3 TC=100+ 60Q+3Q2 TC=100 + 60Q Compute the average variable cost, average cost, and marginal cost for each function. Plot them on a graph. In each case, indicate the point at which diminishing returns occurs. Also, indicate the point of maximum cost efficiency (i.e., the point of minimum average cost). What is the relationship between marginal cost and average variable cost and between marginal cost and average cost? What is the relationship between average variable cost and average cost?A restaurant frequently offers a special prix fixe meal and has been charging $120 per person for the event. At that price, they’ve been averaging 40 customers each time. Their marketing firm has convinced them that they’ll gain a customer for every dollar they lower the cost of the event, and conversely lose a customer for every dollar they raise the cost. Their fixed cost per event is $$1200 and preparing each customer’s meal costs an additional $30. What are the break-even points in terms of customers served? Write the exact answer. Do not round. Separate multiple answers with a comma.
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