Diseconomies of scale Study guides, Revision notes & Summaries

Capacity Planning Capacity – Max rate of output of a process or system Long Term Capacity – relates primarily to strategic issues involving the firms major production facilities Short Term Capacity – concerns issues of scheduling, labor shifts, and balancing resource capacities the goal of short-term capacity planning is to handle unexpected shifts in demand in an efficient economic manner. Utilization – degree to which a resource such as equipment, workspace, or workforce is cur...

Effective capacity cannot be - correct answer in excess of design capacity. The maximum output rate or service that is possible is called the ____ capacity - correct answer design The ratio of actual output to effective capacity is called the - correct answer efficiency The actual output to design capacity is called the - correct answer utilization A capacity cushion is the difference between __________ and __________. - correct answer capacity; expected demand When an e...

capacity : maximum rate of output of a process or a system capacity management consists of: : capacity planning constraint management capacity planning : long term econonomies/diseconomies of scale capacity timing and sizing strategies systematic approach constraint management : short term TOC 2 | P a g e identification/mgmt of bottlenecks product mix decisions using bottlenecks managing constraints in a line process output measures of capacity : high volume, standardized proc...

capacity utilization rate correct answers capacity used/best operating level capacity correct answers the ability to hold, receive, store, or accommodate Strategic Capacity Planning correct answers an approach for determining the overall capacity level of capital intensive resources, including facilities, equipment, and overall labor force size that supports the company's long-range strategy best operating level correct answers The level of capacity for which the process was designed a...

absolute advantage - the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources. average fixed cost (AFC) - Total fixed cost divided by the number of units of output; aper-unit measure of fixed costs average product - The average amount produced by each unit of a variable factor of production average total cost (ATC) - Total cost divided by the number of units of output averag...

AQA AS ECONOMICS 7135/1 Paper 1 The Operation of Markets and Market Failure June 2022 Question Paper. shows the long-run average cost curve (LRAC) for a firm. Figure 1 Which one of the following movements along the curve shows a reduction in diseconomies of scale? A V to W B X to W C X to Y D Z to Y [1 mark] 0 4 A government decides to increase its subsidy to rail services to encourage more people to travel by rail. The subsidy is most likely to be successful if rail travel has a A de...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...

MGSC Exam 2 Questions And Answers 100% Verified 2024/2025 which of the following is considered a "pure" production planning strategy: variable work-force, stable work hours lag demand level playing field stable workforce, stable work hours product warehouse - answerstable workforce, stable work hours Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies? stable work forc...

SCM 303 Exam 2 HW Questions and answers | 2023/24 Capacity is directly related to: (Choose all that apply) Output Machines Time Processes - Output Machines Time Processes Equipment utilization is normally expressed as a percentage of design capacity. T/F - True Which of these in not an approach to capacity planning? Multiple Choice Tracking Leading Forecasting Following - Forecasting "Economies of scale" means that large factories operating a planned capacity are a...

American Military University ECON 201 ECON201 FINAL EXAM Question 1 of 29 One defining characteristic of pure monopoly is that: • A. The monopolist is a price taker • B. The monopolist uses advertising • C. The monopolist produces a product with no close substitutes • D. There is relatively easy entry into the industry, but exit is difficult Question 2 of 29 Which is a barrier to entry? • A. Close substitutes • B. Diseconomies of scale • C. Government licensing ...