Due to economies of scale, average costs decline as:

Answers

Answer 1
Answer:

Answer:

As production increases

Explanation:

  • Economies of scales is characteristic of certain business in which the average cost (the cost of every produced unit of an specific good or service, which equals total cost divided by all units produced) declines as the amount of the product increases.
  • This happens for example, in business that have a high cost of initial investment and low operating cost. Because of the initial investment, the average cost of the first units (which is the result of dividing total cost into all the units that have been produced until that moment), is relatively high because there is a high investment divided into relatively few units of production. This cost decreases while product increases because the cost of investment is distributed into more units, and the operating cost do not increase cost substantially.

Related Questions

What is a service?A)a tangible object that gives in to a wantB)a valuable action that satisfies a needC)an action performed out of kindness
Why did Adam Smith advise nations to allow their economies to remain as free as possible from government interference?A. He thought that governments would become dictatorships if they became involved in economics.B. He thought that taxes would become too high if the government became involved in economics.C. He thought that the market forces of supply and demand could run economies more efficiently than governments could.D. He did not understand modern economics.
What is the number of each brand of trucks each year
Jamal purchased a Subway franchise in a great location across the street from an outlet mall. After two years in business, Jamal felt that he would like to offer his customers more products to choose from. He expanded his Subway business to include ice cream and a small smoke shop specializing in cigars. This product line expansion was very successful. As a result, profits went up and customers loved the new options. One day Jamal received a visit from the Subway franchisor who was shocked to see the product line expansion. This resulted in the Subway franchisor giving Jamal 30 days to restore his Subway business to the terms of the franchise agreement contract which limits the product line to only Subway products. Using the model below, help Jamal get back into compliance with the Subway franchise agreement. Define the problem Explain the cause (or causes) of the problem. Explain the effects the problem has had on the company. Provide a solution (or solutions) to the problem.
Explain credit score

The major drawback of taking out a loan to start a company is?

Answers

Answer: you have to pay back the loan once you start making money. in general you have to pay back the loan. everyone wants free money.

What type of trend is caused by changes in the characteristics of a population?

Answers

Demographic trend is caused by changes in the characteristics of a population. This term is defined by the study called demography, which studies the growth, structure, and movement of human populations. Demographic trend is used to denote a measurable change in the characteristics of a population over time.

Trendsetting? A trend isn't a certain thing in a certain place. It's what a lot of people do that causes a lot of other people to do or act in the same way. Kind of like selfies, almost no one did it then all of a sudden the world went crazy over it.

What is a bran with 5 letters.
And starts with l

Answers


 
lockers
La banda del pato
Lua Lua
Las Canadas
Linkwell uniforms


Right answer↓↓↓:)))))

I have a business. I have 20 workers and 100 dollars!!! How do I split it??????Help!
PS
I know!!
Explain your answer with numbers. And show your work.❤️ Good luck!
PPS,
I Need a lot of answers!!

Answers

You have 20 workers and $100.00

100.00/20workers = $5.00/ worker.

Just hand each one $5.00 and say Thanks Good Job!

Check: $5.00 x 20 = $ 100.00

The minimum monthly payment for Rebecca's credit card is 2% of her balance or $15, whichever is higher. If Rebecca's balance at the end of her last billing cycle was $748, what is her minimum monthly payment?

Answers

$15.00 .....this sentence is just filler because $15.00 is too short.

$15.00 - Apex answer

Imagine that you own a very successful business. You're happy because it is just right for you. Tell us all about the business you'd like to have. There’s a lot to say, so dive in! If you're not exactly sure where to begin, start with these questions: what kind of business is it... large or small? Where is it located? What’s the hardest part about owning this business? Why do you love it anyway? What makes your business so successful?

Answers

Answer: I got you

Explanation:

Business: Seafood restaurant by the beach, large with seats with beach view.

Location: Miami, FL

Hardest Part: Lots of information to comprehend in a day + Feedback from customers

Why you love?: Nice location, calming ocean

Successful: Themed for area (seafood by the beach)

*Name of business: "By the Bay"

You're welcome.

Answer

Person above is correct, I just took the test.