Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales are:
Premium Microeconomics Function
Economies of scale are the main drivers of corporate gigantism in the 20th century. Economies of scale simply refers to the cost benefit achieved with an increasing output / product unit. Economies of scale exist due to the inverse relationship between quantity produced and per-unit fixed costs ; the higher the quantity produced‚ the lower the cost per unit. Economies of scale can be seen in an orange juice production. The more orders ‚ or the more fruits‚ the growers harvest‚ the more savings
Premium Cost Costs Economics
Active involvement is being involved and with on camps events like clubs sports teams and drama productions like acting in a play singing or playing an instrument. I have been involved in all these fields. For example I worked with the drama production class setting up the play “I hate hamlet” that went on this semester. I was in charge of the light and sound cues that were in the play. I really enjoyed my time working on this play. I learned a lot from the different people that were working with
Premium Learning Person People
Resiliency Scales for Children and Adolescents A critical review Katie Waghorn West Virginia University March 14‚ 2014 Author’s Note This paper was prepared for COUN 505 taught by Dr. Tina Walsh Introduction Resilience is a complex construct with many definitions. Most frequently‚ resilience can be defined as one’s ability to “bounce back” from an adverse situation. It is “interactive and contextual” (Prince-Embury & Saklofske‚ 2013‚ pg.19). However‚ some believe resiliency
Premium Reliability Psychological resilience Emotion
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
Free Economics Management Costs
Definition Adolescent pregnancy is pregnancy in girls age 19 years or younger. Main Points Pregnancy in adolescents is not uncommon. Pregnancy occurs when a sperm meets an egg. Signs and symptoms of pregnancy are history of recent sexual intercourse‚ a missed period‚ tenderness of breasts‚ a feeling of wanting to vomit‚ feeling very tired and more frequent need to urinate. Many factors contribute to adolescent pregnancy. These are biological‚ social‚ cultural‚
Premium Pregnancy Birth control Sexual intercourse
Parental involvement is key to motivation and academic achievement of all academic levels including secondary. It is widely recognized that if pupils are to maximize their potential from schooling they will need the full support of their parents. Attempts to enhance parental involvement in education occupy‚ administrators‚ educators and parents organizations globally. It is anticipated that parents should play a role not only in the promotion of their own children’s achievements but more broadly
Free Education School Teacher
Chrysler also known as Americas ‘Big Three’ automobile companies are located in this city. The concept of External Scale Economies can help us explain why these three major companies are located in this area. Scales economies are important for a country because they represent a growth in its economy. Companies are able to produce more products or services at a lower cost of input. “External scale economies are based on the size of an entire industry within a specific geographic area.”1 These companies bulk
Premium Economics Factor analysis Industry
influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‚Risk factors influencing the credit rating score used by Alpha Credit Rating Ltd.‛ Submitted To: Ms. Farhana Firoz Senior Lecturer‚ School of Business North South University Submitted By: Mohammad Akib ID: 092-0237-030 School of Business North South University i|P age Date of Submission: April 21‚ 2013 Risk factors influencing the Credit Rating Score used by Alpha Credit Rating Ltd. ‘‘Risk factors influencing
Premium Credit rating
Why is a greater degree of involvement in employees’ personal lives inevitable in many international HRM activities? Explain using relevant illustrations. When an international assignment is not completed‚ necessitating a replacement of the expatriate‚ the cost of the failure to the organization are both direct and indirect. The direct costs include salary‚ training costs‚ travel and relocation expenses. The indirect costs could be loss of market share‚ poor relationship with the hosts. This is
Premium Personal life Expatriate Human resources