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What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
Name the seven factors that determine whether supplies increase or decrease?
Supplies increase or decrease based on the availability of materials and the availability of suppliers. A fall in cost can also cause an increase in supply.
Factors affecting the cost of production?
labour
What are the factors affecting the production function?
Why we would ever reduce production Here are many factors which cause decrease in production such as Increasing costs of inputs Decrease in DMD. If the cost of labor have increased Minimum wage has risen, thus to make an additional unit the fixed costs may have increased. Consumer preference may have changed. The firm may have faced dis economies to scale. Expectation of price rise in future. More firms are entered in market. If more taxes levied by govt. Rate of profit is minimizes Substitute is available in market.
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
Name the seven factors that determine whether supplies increase or decrease?
Supplies increase or decrease based on the availability of materials and the availability of suppliers. A fall in cost can also cause an increase in supply.
Factors affecting the cost of production?
labour
What are the factors affecting the production function?
Why we would ever reduce production Here are many factors which cause decrease in production such as Increasing costs of inputs Decrease in DMD. If the cost of labor have increased Minimum wage has risen, thus to make an additional unit the fixed costs may have increased. Consumer preference may have changed. The firm may have faced dis economies to scale. Expectation of price rise in future. More firms are entered in market. If more taxes levied by govt. Rate of profit is minimizes Substitute is available in market.
What is maginal cost?
Marginal cost is the increase or decrease in the total cost of a production run for making one additional unit of an item.
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
What cause a decrease in the price of a good?
Supply goes up, cost of production goes down, demand goes down... to name a few basic ones.
How much does a tuna boat cost?
The cost of a tuna boat determined from various factors of production. Among the manufacture of materials, cost of labor required, the cost of planning and production.
What is the main factors in choosing the optimum production tubing size?
cost and oil production value.
Which answer would cause an ''increase in supply'' for computers?
Decrease in computer resources cost.
What can affect the cost of production causing a change in supply?
The cost of production can be affected by various factors, including changes in the price of raw materials, labor costs, and operational expenses. For instance, an increase in the cost of raw materials can lead to higher production costs, prompting producers to decrease supply. Additionally, technological advancements can lower production costs, potentially increasing supply. Regulatory changes, such as new taxes or compliance requirements, can also impact production costs and supply levels.
What does the law of increasing cost explain?
The law of increasing cost explains that as production increases, the opportunity cost of producing additional units of a good also increases. This is because resources are not equally efficient in producing all goods, and as more of one good is produced, resources are shifted from their most efficient use to less efficient uses.
