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
Premium Economics Average cost Cost
CIA III Psychological Measurement and Statistics Likert Scale: A Critical Analysis By‚ Mahika Sharma Likert Scale: A Critical Analysis Introduction The Likert Format arises from the scale for measuring attitudes (Kaplan‚ & Saccuzzo‚ 2001)‚ the first of which was originated in 1932 by Rensis Likert (Edmondson‚ 2005). The rationale behind development of the Likert Scale by Rensis Likert was to measure psychological attitudes in a “scientific” way in 1932 and later in 1934 to expand upon the scaling
Premium Psychometrics Likert scale
Great State Wheat Flakes Can’t be Beat Betty‚ who has been employed for three years as a copywriter for HK&M‚ a mid-size advertising agency specializing in consumer packaged goods‚ has been feverishly working for the past week on a new ad campaign for Great State’s wheat flakes‚ a regional breakfast cereal. The account has been with the agency for several years. Although Charlie‚ the brand manager on this cereal‚ has been pleased with the agency’s work over the years‚ the old positioning
Premium Brand Advertising Federal Trade Commission
What is the Full Employment Rate of Unemployment? Full employment‚ or the natural rate of unemployment‚ is considered to be consistent with a level of unemployment that predominantly comprises voluntarily unemployed workers. In other words‚ those members of the labor force who really want a job have one. Leaving the nuances of who is part of the labor force for the main text‚ the rate of unemployment consistent with full employment is a major issue for economic policymakers. Small differences
Premium Unemployment Monetary policy Economics
7th September 013 To Farzana Chowdhury Lecturer School of Business Independent University Bangladesh. Subject: Submission of Internship Report entitled “Banking and social interaction at NCCBL” Dear Mam‚ I am submitting my Internship report and would like to take the opportunity to thank you for your guidance and supervision in its completion. I completed my Internship Attachment at NCC Bank Ltd. from the 2nd of June 2013 to 2nd of Sept 2013. The title of my report is “banking and social interaction
Premium Bank Cheque
Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
Premium Economics of production Microeconomics Cost
differences between the Stanford Binet Intelligence Scale and the Wechsler Intelligence Scale. Intelligence: According to the Oxford Dictionary in psychology terms intelligence is the general mental ability involved in calculating‚ reasoning‚ perceiving relationships and analogies. It is also the ability to learning quickly‚ storing and retrieving information‚ using language fluently and adjusting to new situations. Stanford -Binet Intelligence Scale In 1857-1911 Alfred Binet invented the method
Premium Wechsler Adult Intelligence Scale
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
RATING SCALES INTRODUCTION Rating scales‚ as the name implies‚ are scales for rating each of the characteristics or activities one is seeking to observe or assess. A rating scale is a set of categories designed to elicit information about a quantitative or qualitative attribute. They enable an observer to systematically and objectively observe a person and record those observations. In the social sciences‚ a common example is the Likert scale in which a person is person selects the rating which
Premium Psychometrics Likert scale
Cells Cells Cell division and cancer Victoria Brothwell Strayer University Cells Introduction Regular cells and cancel cells are extremely different. Depending on the cancer that one may have cancer cells have more chromosomes that are scattered which is for why cancer cells are formed. In cell division all living things obtain cells in which come from other preexisting cells. If normal cells are do not divide and make new cells then cancer will occur. In order of all cells to be
Premium Cell cycle Cancer Mitosis