Why Is Repositioning a Difficult Task

question 87

Essay

Why is repositioning a difficult task?

Understand the concept and calculation of marginal cost (MC).

Identify the conditions under which a business will continue to operate, shut down, or exit the industry.

Analyze the impact of output changes on different types of costs.

Understand the significance of economies of scale on long-run average cost.

---

Definitions:

Arithmetically

Pertaining to arithmetic, the branch of mathematics dealing with the properties and manipulation of numbers.

Geometrically

In a manner that relates to geometry, the branch of mathematics concerned with the properties and relations of points, lines, surfaces, and solids.

Concentric Zone Model

A theory in urban sociology that suggests cities grow in a series of rings emanating from the downtown area.

Business District

A region within a city where the bulk of office buildings, commercial properties, and financial institutions are located.