Economies of scale (costs decrease),
diseconomies of scale (costs increase),
constant returns to scale (costs stay the same)
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A statement scale is a scale that makes a statement!! :) ;) :(
The toUpperCase() method returns the uppercase equivalent of a string.
"[Substr] returns a string object with its contents initialized to a substring of the current object."
Zikmund (2003) described the nominal scale as "a scale in which the numbers or letters assigned to objects serve as labels for identification or classification" (p. 296). The ordinal scale is "a scale that arranges objects or alternatives according to their magnitudes" (Zikmund, 2003, p. 297). Both nominal and ordinal scales are typically utilized in cross-tabulation analysis. (Other types of scalar data would include interval or ratio).http://www.quickmba.com/marketing/research-is another website describing nominal and ordinal scales as used for cross-tabulation.Zikmund, W. G. (2003). Business research methods (7th ed.). Thousand Oaks, CA: Thomson/South-Western.
differentiate between returns to scale and constant return to scale
My loose definition of constant returns to scale:Constant returns to scale occur when a given increase in output is brought about by the same proportional increase in returns.
THE LAW OF RETURNS TO mean that law in which we study about the different period of the production in which increasing , decreasing , and constant returns to scale is studied
Types of scales are:Guttman ScaleThurston ScaleRating ScaleLikert Scale
The types of maps are not determined by scale. There is no limit for a scale on a map.
AFC will decrease
Cite and briefly discuss the main determinants of economies of scale.
Returns to scale refer to a special relationship between output and input. During production, this relationship refers to the connection between the changes that occur with the output and those that began in the input.
The principle of diminishing marginal returns to inputs is when more on one input is added, while other inputs are held constant, the marginal product of the input diminishes. Diseconomies of scale or decreasing returns to scale is when the a firm doubles its inputs, output increases by less than double. With diminishing returns, only one input is being changed while holding the other is fixed. But for decreasing returns, both inputs may change
They are verbal scale, Linear Scale and fraction scale.
They are verbal scale, Linear Scale and fraction scale.
There are two types of earthquake scales. These types of scales include the Richter scale, as well as the seismic scale.