The Economies of scale and Minimum efficient scale.

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Answer 1

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Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

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Respond to B.A. I have chosen Gross Domestic Product (GDP) as the macroeconomic indicator to review and provide a forecast prediction. Based on the current trend I predict a 2% annual GDP growth rate, indicating an unstable economy due to the impact of Donald Trump's tariffs on some countries and other other economic factors. This growth rate is lower than the historical average , indicating a slowdown in economic expansion. Overall, the forecast suggests a modest growth in GDP, but with potential risks and uncertainties ahead. But if he reverse his tariff policies, I think it could possibly result in a strong economic growth. As the removal of tariffs would likely minimize the costs for businesses and consumers and also rise trade and economic activities. Provide feedback/comments this post. You could agreement or disagreement (including why you agree or disagree). Or you could expand on this post by sharing different views and predictions.

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ECON 2106: Microeconomics I Fall - 2023 Algoma University Homework # 2 (Due: October 19, 2023) 1. The market demand for cashmere socks is given by Q = 1,000 + 0.5I – 400P + 200P’ Where, Q = Annual demand in number of pairs I = Average income I dollars per year P = Price of one pair of cashmere shocks P’ = Price of one pair of wool shocks Given that I = ECON 2106: Microeconomics I Fall - 2023 Algoma University Homework # 2 (Due: October 19, 2023) 1. The market demand for cashmere socks is given by Q = 1,000 + 0.5I – 400P + 200P’ Where, Q = Annual demand in number of pairs I = Average income I dollars per year P = Price of one pair of cashmere shocks P’ = Price of one pair of wool shocks Given that I = $20,000, P = $10, and P’ = $5, determine ƐQP, ƐQI, and ƐQP’.

Answer 2

Question

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Expert Solution & Answer

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Answer 3

Question

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Expert Solution & Answer

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Answer 4

Question

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Answer 6

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Answer 7

Chapter 11, Problem 11.6.8PA

Subpart (a):

To determine

The Economies of scale and Minimum efficient scale.

Answer 8

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Answer 9

Subpart (b):

To determine

The efficiency gained through putting two companies together.

Answer 10

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Answer 11

Subpart (c):

To determine

The Economies of scale and Minimum efficient scale.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 11.A - Prob. 1RQ Ch. 11.A - Prob. 2RQ Ch. 11.A - Prob. 3RQ Ch. 11.A - Prob. 4PA Ch. 11.A - Prob. 5PA Ch. 11.A - Prob. 6PA Ch. 11.A - Prob. 7PA Ch. 11.A - Prob. 8PA Ch. 11.A - Prob. 9PA Ch. 11.A - Prob. 10PA

The Economies of scale and Minimum efficient scale.

Solution Summary: The author explains Economies of scale and Minimum efficient scale, and how they can be determined by putting two companies together.

The Economies of scale and Minimum efficient scale.

The efficiency gained through putting two companies together.

The Economies of scale and Minimum efficient scale.

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Chapter 11 Solutions