Distinguish between diminishing returns and economies of scale (15 marks) In Business Economics‚ the short run is defined as the concept that within a certain period of time‚ in the future‚ at least one input is fixed while others are variable and the long run is defined as a period of time in which all factors of production and costs are variable. The law of diminishing returns is a short run concept‚ which states that increasing successive units of a variable factor to a fixed factor
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Internal economies of scale arise when firms increase their scale of production. Hence‚ they incur lower average costs of production‚ either through specialization or other factors. When average costs fall‚ giving the price of the good to be constant‚ profit margins of these firms will be increased. Thus‚ the individual firm benefits from internal economies of scale. External economies of scale arise when all firms in an industry experience decreasing average costs of production‚ which can be
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measurements obtained with the Alberta Infant Motor Scale (AIMS) for evaluation of preterm high risk infants. The present study included two scales i.e. the Alberta infant motor scale and the Peabody developmental motor scale – 2 (PDMS – 2) on high risk infants at 3 months‚ 6 months and 12 months of age. For the purpose of comparing the AIMS scale‚ the PDMS -2 scale was used as the gold standard of measure. The sensitivity and specificity of the PDMS 2 scale is 36.1%‚ 93.8% at 3 months respectively. The
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Saurashtra University Re – Accredited Grade ‘B’ by NAAC (CGPA 2.93) Solanki‚ Ashvinkumar H.‚ 2009‚ Working Capital Management in Selected Small Scale Industries of Gujarat State‚ thesis PhD‚ Saurashtra University http://etheses.saurashtrauniversity.edu/id/eprint/66 Copyright and moral rights for this thesis are retained by the author A copy can be downloaded for personal non-commercial research or study‚ without prior permission or charge. This thesis cannot be reproduced or quoted extensively
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Q4) what are the advantages and disadvantages to a firm of operating on a large scale? Economies of scale fall under microeconomics and are the cost advantages a business obtains due to expansion. As scale is increased they cause a producers average cost per unit to fall. Microeconomics (from Greek prefix micro- meaning "small" and "economics") is a branch of economics in which you study the behaviour of how the individual firms make decisions to allocate limited resources. Normally‚ it applies
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1) The Small-Scale Research Project (50%) The research project will be based on one focus film‚ making appropriate reference to at least two other related films. Candidates will define an area of investigation (through an approval process) that relates the chosen focus film to one of the following contexts: • (star/performer • (genre • (technology • (social‚ historical and/or political context • gender • ethnicity • (institution • (auteur (in its broadest
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PLANNING SYSTEM FOR SMALL SCALE INDUSTRIES Dr. Ali Hasan Asstt. Professor‚ Department of Mechanical Engineering‚ Jamia Millia Islamia University‚ Delhi-110025‚ India. Corresponding Email: alihasan786@rediffmail.com Abstract This study has been carried out at Triveni Engineering Works Ltd‚ Naini‚ Allahabad‚ India. A MRP software for Small Scale Industries has been designed‚ developed and tested. The suggested methodology for developing MRP System is particularly helpful for small scale industries. Keywords:
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The study integrated the qualities of nursing students (N=227) with their aptitude and academic achievement in a tripartite model. A battery of tests called in the Assessment for Nursing Potential (ANP) composed of the (a) Nursing Quality Scale (NQS) with factors on caring‚ compassion‚ commitment and connectedness; (b) Achievement test; and (c) Aptitude test was used in the study. Using a three-wave longitudinal design‚ the NQS was first administered followed by the aptitude‚ then the achievement
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Mindfulness‚ for this study‚ was measured utilizing The Mindful Attention Awareness Scale (MAAS)‚ where athletes rated how often they had experiences such as‚ “I find it difficult to stay focused on what’s happening in the present (Gooding & Gardner 2009).” The athletes free throw percentages were then tracked over the course of the following season. Results indicated that levels of mindfulness significantly predicted game free throw percentage. Therefore‚ the more mindful the athlete‚ the higher
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Measurement Scales If a researcher is going to use statistics properly‚ it is crucial to consider the kind of data about which descriptive statistics are to be calculated or to which will be applied some kind of statistical test. Statistical analysis‚ even simple analysis as counting‚ requires that each characteristic to be studied be assigned a unique value. Sometimes‚ especially in qualitative research with small samples‚ this value can be a word or symbol. For example‚ the interviewers could
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