Economies of scale The long run – increases in scale A firm’s efficiency is affected by its size. Large firms are often more efficient than small ones because they can gain from economies of scale‚ but firms can become too large and suffer from diseconomies of scale. As a firm expands its scale of operations‚ it is said to move into its long run. The benefits arising from expansion depend upon the effect of expansion on productive efficiency‚ which can be assessed by looking at changes in average
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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:
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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
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Basics of Survey and Question Design This is an introduction for federal government program managers on how to design surveys and survey questions to collect customer feedback. Initial design considerations Before you design your survey Clearly articulate the goals of your survey. Why are you running a survey? What‚ specifically‚ will you do with the survey results? How will the information help you improve your customer’s experience with your agency? Make sure that each question will give
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Respect for the dignity of humanity is about respecting the people I will be helping. If I am in a bad mood I need to leave it at home‚ the people coming in are coming for help and don’t need to feel my anger. Going to the Doctors can be scary for little kids‚ and if I am gummy that could give them a negative vibe making it harder on the parents to being them in. Respect confidential is not releasing anyone’s person information‚ unless legally authorized. By leaving work talk to work‚ and not bring
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Department of Justice ISP Survey Josiah Yarbrough CSIA 303/ Foundations of Information Systems Security June 27‚ 2015 Introduction All Americans will need to have working relationship with the DOJ‚ that is‚ the Department of Justice‚ at some point in their lives. The DOJ is the agency that enforces federal laws. In its mission statement it states that the mission is to “… ensure public safety against threats foreign and domestic; to provide federal leadership in preventing and controlling
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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
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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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| Confidentiality in Group therapy | | ------------------------------------------------- Over the past several decades the advancement of group modalities in the mental health profession‚ has brought about several potentially challenging ethical and legal scenarios that pertain specifically to confidentiality‚ privileged communication and privacy in group work. The inherent power of therapeutic groups to bring about personal change for members has seen increasing recognition in recent
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The subject I intend to reflect upon is confidentiality within a professional healthcare setting. Confidentiality formed a part of our professional issues lectures and it piqued my interest due to how differently it is interpreted within healthcare as opposed to education‚ which is my background. In an educational setting I was taught repeatedly that I could never ensure confidentiality between myself and a child. Comparing that to what I have now learnt in healthcare‚ this seemed to me almost the
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