ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
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The Braden scale can identify if an individual is at risk for developing pressure ulcers. The Braden scale has a numerical (6-23) rating system based on ones sensory perception‚ skin exposure to moisture‚ physical activity‚ mobility‚ nutrition‚ and risk for friction and shearing (Braden‚ Maklebust‚ & Maklebust‚ 2005). A lower Braden Scale Score is and indicator that an individual is at a greater of developing a pressure ulcer due to ones lowers level of functioning. Whereas a higher score indicates
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Willa Cather’s My Anthonia‚ in my opinion was not only easy to read but also a thoroughly enjoyable read. It tells the vivid stories of several immigrant families who move to the rural state of Nebraska to start new lives in America. A Bohemian family‚ by the name of the Shimerdas‚ is one of the main focal points of the story. The eldest daughter of the Shimerda family is named Antonia. The book’s narrator‚ Jim Burden‚ arrives in the town of Black Hawk‚ Nebraska‚ on the same train as the Shimerdas
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Memory ‘Memory’ labels a diverse set of cognitive capacities by which we retain information and reconstruct past experiences‚ usually for present purposes. Memory is one of the most important ways by which our histories animate our current actions and experiences. Most notably‚ the human ability to conjure up long-gone but specific episodes of our lives is both familiar and puzzling‚ and is a key aspect of personal identity. Memory seems to be a source of knowledge. We remember experiences and
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relationship between history and memory. This notion is explored in the autobiographical book through the depiction of his parents’‚ and his own past. The bricolage style of the text aids in portraying the interplay between history and memory‚ enabling a more cohesive representation of the lasting repercussions of the Holocaust. Due to the traumatic nature of her past experiences‚ Genia finds historical accounts of the Holocaust confronting to reconcile with her own memories. This tension is depicted
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Diseconomies of scale A more precise definition is that long run average costs per unit rises with an increase in output.This can b shown in the diagram below: [pic] The rising part of the Long Run Average curve illustrates the effect of diseconomies of scale. Beyond Q1 (ideal firm size)‚ additional production will increase per unit costs. Diseconomies of scale are rarer than economies of scale and they are often offset by economies of scale that exist in the same business. This can make
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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Economies of Scale * This is the cost advantage that a business obtains due to expansion. * That is the factor that cause the average cost of producing a product to fall‚ as output of the product rises as explained in the ‘Dictionary of Economics’. * By achieving economies of scale‚ a company would have the cost advantage over its existing and new rivals. * Further‚ the company could achieve lower long run average cost (i.e. productive efficiency). But if technology changes‚ this
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in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry‚ benefits of economies of scale is usually achieved by buying products
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History is the compilation of events and peoples perspective in events‚ all meshed up into a montage to create a definitive account of events. The Smithsonian website created by the American government shows a compelling selection of objects images and personal stories from the events of September 11 for the public to view at any time on the internet. Loose change is a documentary by Dylan Avery which has an opposing perspective to that of the terrorists attacking America. Both texts provide a recount
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