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Explain the difference between diminishing return of scale and economies of scale Provide examples if necessary diminishing return of scale?
Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output. Diminishing return of scale is a short run concept. It explains the relationship between the rate of output with increaring inputs of production. Economies of scale, on the other hand, explains the relationship between the LR average cost of producing a unit of good with increasing level of output.
What else can I help you with?
Before adding or subtracting two fractions they are converted into like fractions Explain with examples why this is necessary?
Before adding or subtracting two fractions they are converted into like fractions. Explain with examples why this is necessary.
What is difference between Smoke and sanity testing with examples?
htyh
What is the difference between NFA and DFA with examples for each?
aop
How can you decide if the difference of two integers is positive or negative?
The difference is that when you are multiplying a negative with a postive it would be negative. Lets say their both negative then it would be postive. Examples: - - = + - +=+ - - - = - - - - -= +
Is there a Bible verse about making a difference?
Jude 1:22 KJV "And of some have compassion, making a difference." The idea is that you make a difference by caring for others. There are many Bible examples but that's the clearest actual verse that comes to mind.Experience: I'm a pastor.
What are some examples command economy?
North Korea and Cuba are good examples of command economies.
Examples of industries that benefit from economies of scale?
Hydroelectric plants.
What is an example of a country that operates under communism?
The economies of China, the former Soviet Union, and the former East Germany are examples of communist economies.
What are techniques used for implied depth?
overlapping, diminishing size and vertacal placement of shapes all examples
What are examples of command economy?
Libya North Korea Cuba Saudi Arabia Mynamar
When do you refer to economy?
you refer to economies when you need examples. get Yur own definitions here :-)
Can you give necessary sentence examples?
It was necessary for doctors to perform the surgery. This is an example using the word necessary.
What is marginal utility. why marginal utility diminishing. give atleast 10 examples where the marginal utility have not diminising?
Life-saving procedures
Is it possible for an economy to based on services only?
Yes. Monaco and Lichtenstien are examples of service-only economies.
Which countries have strong economies even though they have no oil reserves?
Germany, Japan, and South Korea are examples of countries with strong economies that do not have significant oil reserves. They have diversified economies, strong manufacturing sectors, and a focus on innovation and technology that contribute to their economic success.
What are examples of Market Command and Traditional economies?
A town where every child grows up to do the same job his or her parents did
Examples of the law of diminishing return?
The law of diminishing returns implies that adding one factor of production does not always mean an increase in output. In agriculture, adding fertilizer may increase output, but if too much fertilizer is used, it may end up poisoning the plants.
