You are the city manager and need to improve the total revenue of the services provided to the area residents. Your services include water, garbage collection, and electricity.
You are well aware of the inverse relationship between prices charged by the city and the level of these services used. Using the elasticity concept explain, in detail, how you would go about raising the city’s revenue from these services.
Provide any graphics or other visuals to support your answer.
Multiplant economies of scale have changed the American business landscape for the past 30 years.
Discuss the impact of such plants and compare their economies of scale with small businesses in your own hometown. In your discussion, provide a specific example of a company that has been able to bring about these multiplant changes and its impact on the local economy.