ECONOMIES OF SCALE Economies of scale are the cost advantages that a business can achieve by expanding the scale of production. That is‚ when long-run average costs (LRAC) fall. Overhead costs (fixed) are spread over more units produced. Overhead costs (fixed costs) are spread more when more units are produced. These lower costs are an improvement in productive efficiency and can benefit consumers in the form of lower prices. Units produced Total cost Average cost
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Geologic Time Scale Introduction Understanding geologic time is critical to relating events in Earth’s history to those of today. Scientists use several forms of the geologic time scale to classify the age of objects and to become familiar with other events occurring simultaneously. In this lesson you will: · Examine how the geologic time scale summarizes Earth’s history · Analyze physical and biological changes that have occurred over time · Identify major events that occurred in geologic
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National Public Radio broadcast‚ "Study Finds Online Symptom Checkers Are Only Accurate Half The Time" (July 2015)‚ suggests that although online symptom checkers are sometimes correct‚ the real solution to the illness takes more than just a potentially correct diagnosis. The author used evidence from a Harvard Medical School study about the accuracy of online symptom checkers‚ and also some quotes from the people who work for or run the symptom checking websites. The purpose of this broadcast seems
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Small Scale Industries Introduction The Ministry of Small Scale Industries (SSI) is a defunct Indian government ministry. It was merged with the Ministry of Agro and Rural Industries to form the Ministry of Micro‚ Small and Medium Enterprises. The ministry was tasked with the promotion of micro and small enterprises (MSEs). The Ministry of Small Scale Industries and Agro and Rural Industries (SSI&ARI) was created in October 1999. In September 2001‚ the ministry was split into
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How to Reduce Stress By Isolde‚ eHow Member [pic] [pic] Rate: [pic][pic][pic][pic][pic](2 Ratings) In our modern world‚ stress is hard to avoid. Our jobs‚ families‚ social pressures‚ and expectations can place a lot of responsibility on us and frazzle our minds and bodies. Too much stress can lead to overeating‚ over drinking‚ lack of exercise‚ and other physical symptoms like insomnia. Practicing simple tasks like the ones listed here to reduce your stress level can significantly improve the
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requires an experimental fatigue failure data and a computer aided analysis of these results. A finite element scheme will be developed to simulate the residual stress in weld using the experimental data. A Thermo-elasto-plastic analysis will be used to replicate the butt welded pipe joint and the residual stress will be determined. Residual stress that arises in welded joints by heating and cooling cycles during the welding process is another major factor in fatigue failure of welded structures. Welding
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Objective of the report Understand job stress and its nature‚ Understand theoretical viewpoints of stress‚ Discuss how it has affected employees in United States and Japan. 1.Introduction Modern businesses are complex and highly competitive consequently employees‚ management of the organization as well as organization itself under contentious strain to accomplish higher targets (Rothmann et al‚ 2005). In recent time’s organizations around the world restructuring‚ outsourcing and downsizing
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AND SCOPE OF SCALE 2 r r r r r r r r r r r r r r r r r r r r r r r r r rr ew concepts in microeconomics‚ if any‚ are more fundamental to business strategy than economies of scale and the closely related economies of scope. Economies of scale allow some firms to achieve a cost advantage over their rivals. Economies of scale are a key determinant of market structure and entry. Even the internal organization of a firm can be affected by the importance of realizing scale economies. We mostly
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meaningful order. You can count but not order or measure nominal data. Only calculations based on the frequencies of occurrence are valid. Nominal scales have no numeric properties. Qualitative information is obtained from a nominal scale. This means objects are classified by name only. Counting is the only operation that can be performed on a nominal scale. Examples of nominal questions that may be used are: state of residence; gender; or hair color: blonde‚ brown‚ red‚ black. Ordinal Ordinal
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Benchmarking Credit ratings September 2013 Project team: Tom Hird Annabel Wilton CEG Asia Pacific 234 George St Sydney NSW 2000 Australia T +61 2 9881 5750 www.ceg-ap.com Table of Contents Executive summary........................................................................................ 1 1 Introduction ............................................................................................ 6 2 SNL Financial dataset ......................................
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