Why do economies of scale occur? When do economies of scale occur in production?Economic Production:Economic production refers to the process of creating goods and services by combining various inputs; the main inputs into the production process are labor, capital, and land. Th...
What are spillover costs? Why do they occur and what can be done about them? What is returns to scale? What are the returns of scale for this production function: Qs = 2L^{0.3}K^{0.8} and why? What does economies of scale mean?
Why does it matter? The U.S. dollar and Bitcoin. When will the next halving occur? What Is Bitcoin Halving? A "block" on the Bitcoin blockchain is a file storing 1 MB worth of Bitcoin transaction records. "Miners" compete to add the next block using specialized hardware to solve...
Sharma and Kirkman (2015) argue that empowering leadership is different from transformational leadership since the latter involves changing the goals and aspirations of subordinates but does not transfer control or power to them and contrarily create dependence as employees become reliant on their leader...
US venture capital is taking somewhat longer to recover. New deal and exit activity remain muted, and our mid-year prediction of IPO exits increasing in the second half of 2024 fell short. Yet the performance of some of the venture capital-backed IPOs that did occur in 2024...
Explain some of the costs of hyper-inflations. If they are so costly to an economy, why do they occur? Name and explain some of the reasons why wages are likely to be sticky, especially in downward adjustments. Use an example to explain why, after periods of rapid growth, a low-income...
corner—and equally in the opposite direction. When you’re in the depths of recession, it’s sometimes difficult to believe that you can have a lasting recovery. But recoveries typically occur from the depths. And they don’t feel good at first, but they do often...
Why is that and how does China do it? In this article, I take my best shot at summarizing the three primary reasons for China’s resilience: A composite “three-layered duality” structure; a pragmatic approach of experimentation, learning and adaptation; and a set of highly sophisticated ...
Globalizationmay expose a firm to unanticipated levels of competition, which lowers its relative efficiency. While this does not necessarily fall into the standard definition of diseconomy of scale, it could be an example of when economies of scale stop existing. On the other hand, exporting labor...
For one thing, growth from entrepreneurial activity doesn't occur evenly across an economy. Studies of economic growth have pointed toward an apparent paradox in which the growth in productivity overall in the U.S. has been only modest in recent years, despite the pervasiveness of entrepreneurship...