Describe the types of multiplant firms
Describe the types of multiplant firms?
Expert
a. Horizontal integrated: a multiplant firm with plants in the same stage, like a retail chain store such as J. C. Penney or Safeway.
b. Vertical integrated: a multiplant firm in which the company owns plants at different production stages. Example: A steel company may own ore and coal mines as well as different plants in different stages of the manufacturing process.
c. Conglomerate: a firm that owns plants in different industries or markets.
If the price of a good is given, how does a consumer choose/decide as to how much of that good to purchase?
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Illustrations of opportunity costs which you might or will have incurred would comprise: (i) severe injuries suffered within an accident since you failed to buckle up. (ii) the income you could earn when you were not in school. (iii) time spent studyi
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Describe unanticipated inflation?
What does high or low operating leverage specify?
Is Eiteman & Guthrie’s empirical evidence on the shape of the average total cost curve consistent along with heterodox cost theory? Discuss it out.
Adam Smith would have agreed mostly along with the concept which wages are: (i) positively associated to physical comfort when working. (ii) negatively related to the cost of learning the business. (iii) positively associated to the s
Which of the given describes a situation in which each good or service is produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the marginal cost of producing this? w) productive efficiency.
Illustrate the Public Sector Government’s Role of providing the legal structure?
18,76,764
1934597 Asked
3,689
Active Tutors
1448909
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!