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What is spillover cost?
Spillover costs (Negative externality):nproduction or consumption costs inflicted on a third party without compensation nExample: environmental pollution Spillover benefits (Positive externality):nproduction or consumption of certain goods and services may confer external benefits on third party or the community at large without compensating payment nExample: education
What is the following example of spillover costs?
In a water treatment plant, the place your drinking water comes from, they use a spillover to areate the water. After the water is purified in the treatment plant it goes into a large lake with a small waterfall or spillover that allows the air to mix with the water which gives it a better taste.
What is large scale of production?
When a business or a firm produce large amount of production, then it is called large scale of production.
Is there a term to describe industries where it is more expensive per unit tp produce a large number of product than it is to produce a small number?
The term for industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number is "diseconomies of scale." Firms with diseconomies of scale have a decrease in efficiency as they increase production. Businesses that do not require expensive technology, but require close personal supervision to be successful, may suffer an increase in the cost per item produced if they increase production past a certain point. In other words, there is a "diseconomy" to increasing production.
Is there a term to describe industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number?
The term for industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number is "diseconomies of scale." Firms with diseconomies of scale have a decrease in efficiency as they increase production. Businesses that do not require expensive technology, but require close personal supervision to be successful, may suffer an increase in the cost per item produced if they increase production past a certain point. In other words, there is a "diseconomy" to increasing production.
Why did advances in textile lead to the creation of the first factory?
Answer:Textile machines were too large for houses.Textile machines were very expensive.
How did the rich people live in 198 to 282 bc in ancient rome?
they owned large houses, slaves, and expensive items.
How large are inflatable bounce houses?
Inflatable bounce houses can vary in size, but they typically range from around 10 feet by 10 feet to 30 feet by 30 feet. They can be small enough for a few children or large enough to accommodate several at once.
What is spillover cost?
Spillover costs (Negative externality):nproduction or consumption costs inflicted on a third party without compensation nExample: environmental pollution Spillover benefits (Positive externality):nproduction or consumption of certain goods and services may confer external benefits on third party or the community at large without compensating payment nExample: education
What do yacht look like?
Yachts are boats, they are very large. They have multiple floors and fixtures like you find in houses. They are very expensive.
What is the following example of spillover costs?
In a water treatment plant, the place your drinking water comes from, they use a spillover to areate the water. After the water is purified in the treatment plant it goes into a large lake with a small waterfall or spillover that allows the air to mix with the water which gives it a better taste.
Why is the thermite not used for large iron production?
Thermite is not commonly used for large iron production because it is less efficient and more expensive compared to other iron production methods, such as blast furnaces. Additionally, thermite reactions are difficult to control on a large scale and can be dangerous due to the extreme temperatures involved.
What is the difference between mass production and craft manufacturing?
Mass production is the production of large quantities of identical objects. Custom-made means something is a one-off, or a hand made item of a very small number
What is large scale of production?
When a business or a firm produce large amount of production, then it is called large scale of production.
Is there a term to describe industries where it is more expensive per unit tp produce a large number of product than it is to produce a small number?
The term for industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number is "diseconomies of scale." Firms with diseconomies of scale have a decrease in efficiency as they increase production. Businesses that do not require expensive technology, but require close personal supervision to be successful, may suffer an increase in the cost per item produced if they increase production past a certain point. In other words, there is a "diseconomy" to increasing production.
Is there a term to describe industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number?
The term for industries where it is more expensive per unit to produce a large number of a product than it is to produce a small number is "diseconomies of scale." Firms with diseconomies of scale have a decrease in efficiency as they increase production. Businesses that do not require expensive technology, but require close personal supervision to be successful, may suffer an increase in the cost per item produced if they increase production past a certain point. In other words, there is a "diseconomy" to increasing production.
Whhat is keeping solar energry from going widespread?
In general solar power: takes a large suface to capture significant power, and requires equipment that is relatively expensive, so the power catpured is expensive. There are occasional exceptions, but none that are suitable for mass production.
