ECONOMIES OF SCALE Economies of scale are an important aspect of efficiency in production .Economies of can henceforth be define as ‘the reduction in average costs of production‚ that occur as a firm increases in size’. As businesses grow and their outputs increases‚they commonly benefit from a reduction in average costs of production.Total costs will increase with the increase in output‚but the cost of producing each unit falls as output increases .The reduction
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ECONOMIES OF SCALE When a firm moves from small scale to large scale production‚ the average cost of production of each unit falls. The reasons for which this happens are known as economies of scale – they are the benefits which result in the cost savings of large scale operations which come about when a firm expands. In other words‚ economies of scale are advantages reaped by firms engaging in large scale production. There are two types of economies of scale. They are: * Internal economies
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Chromatography • • • Separation based on polarity of compounds Two potential phases for a compound to exist in: mobile and stationary Partitioning of compounds between mobile phase and stationary phase occurs: o Compounds that are less polar move more in the mobile phase‚ those that are more polar “stick” more on the stationary phase o These polarity differences cause compounds move at different rates and therefore can be separated 1. Mobile Phase: the phase the moves; can be gas or
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As the Time Draws Near Assignment A This analytical essay will provide an analysis and interpretation of american writer Eowyn Ivey’s short story “As the Time Draws Near” (2012). The readers are introduced to the main character‚ Piper‚ who grew up in Alaska but later moved away. The short story follows her at a time when she has returned to Alaska in order to spread her dead father’s ashes under a particular spruce tree. She has a lot of thoughts about death and she is almost obsessed with it. Death
Free Fear Short story Walt Whitman
Analyze‚ with the aid of a diagram‚ whether there is link between diminishing returns and economies of scale. (12) Variable factor is an input whose quantity can be changed in the time period consideration. Fixed factor is a production input factor that cannot change quantities during a certain time period. Short run is where at least one factor is fixed‚ usually capital. Long run is where all factors are variable Marginal product (MP) is the extra output from hiring an additional unit of
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The article ’Showing Off’ by the Scottish writer Janice Galloway describes how she overcame obstacles in her life to become a writer and shows that even if you are not blessed with the best oppurtunities in life and suffer from prejudice‚ it is still possible to achieve your goals. Through the clever use of language and technique‚ Galloway presents her writing in such a way that it has a great deal of inspirational impact on the reader. In order for a text to be inspiring‚ it must be written in
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Atomic theory is the idea that matter is made up of small particles made of atoms. The atomic theory first had 5 points which were stated by John Dalton who came up with it. The first one was that all elements were made up of small units called atoms. The second one was that all atoms of a given element are identical to each other. Third‚ all the atoms were different from all the other atoms. Fourth‚ atoms of different elements combined together in equal numbers to form compounds. Fifth and final
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9001:2008 Certified Institute (Indian Standard Organization(ISO) Certificate Number:2071-QMS-1071) Email id: hsbsolutions7@gmail.com website:www.hsbsolutions.jimdo.com Ph: 9210846949 / 9717925135 Physics: Chapter 2 Solutions Last 15 years questions with solutions Topic: Strength of Solution Q.1Discuss the effect of Temperature on Solubility of solids in Solvent. AnsThe solubility of solid in a liquid solvent generally increases with increase in temperature of the solvent. Very rarely some neutral
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nurturing teamwork. SPL is a FMCG which has faced the problems such as: High rate of labour turnover Decreasing the level of profits and sales Not aware about the modern technologies and systems. And how they over come from the above issues by using a proper performance management system? This case study is described how SPL Pvt Ltd implement the performance management system and how it is important for the each department in the company reach their expectations and also to the organization’s
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Human Sexuality 21 Professor Lanoix December 4‚ 2012 Pros and Cons of the Kinsey’s Scale Sex was such a horrible topic to talk about‚ but a biologist of Indiana University introduced a scale that broke the silence. The silence changed due to this biologist named Alfred C. Kinsey (1894-1956). Kinsey broke the silence because before the scale everyone would keep their sexual orientation to themselves and most likely did not tell anyone. In other words‚ he was a great influence to people because
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