Firms, Firms and production

1. A large pizza chain in the US decided to sell sandwiches as well to try to increase its revenue. Which term describes this change?
3. Increases the efficiency of the workforce
6. Indication of how effectively resources are utilized to generate goods or services
8. There is a range of factors that influence the supply of economic goods, including natural disasters. Recently a series of earthquakes in one country destroyed buildings, including factories and offices. One factory that survived has since increased its scale of production. This firm has employed more factors of production and has experienced a fall in its average cost of production due to?
10. The process of combining various inputs, both material and immaterial in order to create output
12. Which type of economy of scale arises due to the growth of ancillary industries providing goods and services for the industry

2. Apple controlling the whole manufacturing process by integrating with its suppliers. This is an example of which type of integration.
4. The kind of economies where machines are used closer to their full capacity
5. A benefit arising from horizontal mergers where unnecessary equipment and plants are eliminated to make the firm more efficient
7. Increased training and skill development increases labour productivity, hence labour demand goes up. What happens to labour supply? (Draw a Graph to get to the answer!)
9. What happens to the wages for professionally skilled labour in India when people have migrated from India to the US? (Draw a Graph to get to the answer!)
11. A company mining cobalt, invests in machinery to replace some workers and starts producing more output. Eventually as more cobalt is mined average costs increase. Why would this happen?