If a firm is able to lower total costs by specializing in marketing and distribution while outsourcing production, it is taking advantage of:
A. economies of scope.
B. less developed nations.
C. technical efficiency.
D. economies of scale.
Answer: A
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The default rate actually drops as the amount borrowed increases, that is, default rates are highest among those with the smallest student loan debts.
Answer the following statement true (T) or false (F)
Real (adjusted for inflation) federal spending per person in the United States
a. has increased by approximately 10 percent per decade during the last 225 years. b. increased more rapidly during the nineteenth century than during the twentieth century. c. in 2012 was approximately 80 times the level of 1916. d. increased rapidly during the first half of the twentieth century but has changed very little since 1950.
Which of the following is NOT an organizational theory?
a. classical organization b. mechanistic c. system d. assembly
Refer to the above figure. Demand is
A. perfectly elastic. B. unitary elastic. C. perfectly inelastic. D. undetermined without more information.