minimum efficient scale (MES)The minimum efficient scale (MES) is the output for a business in the long run where the internal economies of scale have been fully exploited. It corresponds to the lowest point on the long run average total cost curve and is also known as the output of long run productive efficiency. The MES is rarely a single output - more likely it is a range of output levels where average cost is minimized where the firm achieves constant returns to scale. The MES will vary from
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Py = $10 Px = $12.50 M = $ 500 PxX + PyY = y 12.50x + 10y = 500 or y = 50 – 1.25x d. What combination of X and Y will the consumer choose? Why? Consumer choose 20 units of X and 25 unit of Y. Indifferent curve II is tangent to budget line LZ. No other combination costing $500 provides more utility than X = 20‚ Y = 25 e. What is the marginal rate of substitution at this combination? MRS= PxPy= $12.50$10=1.25 f. Explain in terms of
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Methodology and Results As mentioned‚ the derivation of Phillips Curve requires the estimation of three variables i.e inflation‚ output gap and expected inflation. In order to estimate the expected augmented(Expectations Augmented) Phillips Curve‚ this study covers observations from time period 1961 to 2015 for both countries US and India. The equation of Expected Augmented Phillips Curve(Expectations Augmented Phillips Curve) is ∏t = ∏et + β(Y-Yn) + et where‚ ∏t = inflation at the time period
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With this being said asking the CLO to reduce a department size can be a difficult task. Asking the CLO to train the employees so that redundancies are reduced‚ or to ensure that that employees are focused and showing signing of a higher learning curve would have been a better task to have asked. In this case the CLO could probably do a study analysis of employee past performance appraisals. After doing the study he would want to rate them and then sort them out in terms of performances and rating
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to reduce its average costs and become more competitive. Long run costs The firm’s long run average cost shows what is happening to average cost when the firm expands‚ and is at a tangent to the series of short run average cost curves. Each short run average cost curve relates to a separate stage or phase of expansion. The reductions in cost associated with expansion are called economies of scale. Internal and external economies and diseconomies of scale External economies and diseconomies
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czyET 3200 – Engineering Thermodynamics Homework Assignment #6 Due June 15‚ 2013 @ 5:00 PM Problem 4.8 - A Home Heat Pump for Space Heating We wish to do a preliminary thermodynamic evaluation of a 1kW input power home heat pump system for space heating using refrigerant R134a. Consider the following system flow diagram Thus the heat pump system absorbs heat from the evaporator placed outside in order to pump heat into the air flowing through the insulated duct over the condenser section
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Question 1 0 out of 2 points | | | Opportunistic behavior on the part of the employer is possible because:Answer | | | | | Selected Answer: | employees often reduce their effort level if they are important to the company. | Correct Answer: | contracts are often incomplete and leave room for implicit understandings between the two parties. | | | | | Question 2 0 out of 2 points | | | In long-term job attachments‚ a worker’s wage:Answer | | | | | Selected Answer:
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THE GOOD AND BAD EXPERIENCE BEING A PJJ STUDENT Knowledge is what matters in life. There should be no reason for not studying and learning. As technology continues to evolve‚ there are many ways to learn despite of be in the situation you are currently dealing with. One of the ways is ‘Distance Learning Programme’ or PJJ. Distance learning comes as a blessing to students who want to study further while continuing with jobs or who might not be able to attend a full-time course for various reasons
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Financial Markets – Focus Points Since this is a very extensive course I have compiled a list of the most important subjects‚ those which you should place the greatest emphasis on when studying for the final exam. Please note that this is not an exhaustive list and the final exam may include questions based on topics not directly mentioned below. This list should supplement the questions/problems from the practical sessions – which you should study carefully. Do not get intimidated by the number
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rticle – “BEGINNERS GUIDE TO FINANCIAL STATEMENTS.” * WWW.SEC.GOV - EDUCATION – PUBLICATIONS Write an Executive summary – maximum 2 pages and include definitions WITHIN the summary for the following: Debt-to Equity Ratio‚ Working Capital‚ Current vs. Long Term Debt‚ Enterprise value. SESSION 3- BENCHMARKING A.” The search for those practices that will lead to superior performance for the company.” 1. Benchmarking the competition 2. Benchmarking outside the industry
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