Which of the following may yield economies of team production for Jitters Coffee Company, Inc?
A) dividing the process of packaging and shipping coffee into several specialized tasks, each performed by different people
B) expanding into a larger coffee packaging plant
C) expanding into the packaging and sale of tea and powdered chocolate
D) all of the above
A
You might also like to view...
When using the terms "total utility" or "marginal utility" we assume:
a. the consumer will exchange one commodity for another b. the consumer will part with money for the commodity c. the consumer has declined to purchase the commodity d. a and b are correct
If the price level falls, the money demand curve will
a) shift to the right b) shift to the left c) become steeper d) become flatter e) none of the above
Alex and Ben are both loggers wanting to harvest timber from the same forest. Alex prefers to harvest and replant at a sustainable rate; Ben wants to harvest as many trees as possible to maximize short-run profit, and then move on. They face the same
production costs. Refer to the information given. If property rights are well-defined and enforced: A. Alex could buy Ben's part of the land and harvest and replant in a sustainable manner. B. Ben could buy Alex's part of the land and harvest all the timber as quickly as possible. C. incentives to harvest and replant in a sustainable manner are greater than with no property rights. D. all of these could occur.
Refer to the information provided in Figure 4.1 below to answer the question(s) that follow.
Figure 4.1Refer to Figure 4.1. The United States will import 6 million apples per day if a per-apple tax of ________ is levied on imported apples.
A. 0 cents B. 10 cents C. 20 cents D. 30 cents