Distinguish between economies of scale and scope.

Distinguish between economies of scale and scope..

Description

Module Learning Objectives 1) Use marginal analysis and elasticity to determine output and pricing decisions.

2) Distinguish between economies of scale and scope. 3) Determine market equilibrium using aggregate demand and supply. 4) Identify how changes in one industry affect other industries. 5) Describe strategies that could prevent the erosion of profit.

6) Learn about how exchange rates are determined and how changes in exchange rates affect firms and consumers. To be successful in responding to the discussion questions and response of your peers, you need to apply the module information to your postings as appropriate. Discussion Question 1: Describe a pricing decision a company can make. If the decision is not optima, how would they adjust the price? Discussion Question 2: Describe an activity, process, or product of a company that exhibits economy or diseconomy of scale. Discussion Question 3: Describe how a change in the exchange rate could affect a firm. Explain what happens to the price, quantity, and profit. — Grading Rubric Your assignment will be graded according the following rubric: First and foremost how you have applied the course material to your discussion. In particular, your response should not be a generic business case analysis, rather it must draw the pertinent information and theory from the course material. (25%) Overall quality, thoughtfulness, and rigor of your responses. Your writing should reflects your level of understanding the course material and the excellence that is expected from a graduate level course students.

Distinguish between economies of scale and scope.