If the mangers of Big Scoops, a local ice cream parlor, acquire a dairy farm to produce the milk for their ice cream, the managers of Big Scoops are likely to experience all of the following except which one?
A) an increase in their required areas of expertise
B) an increase in the complexity of coordination of Big Scoops
C) an increase in managerial diseconomies
D) the hold-up problem
D) the hold-up problem
You might also like to view...
Jack buys a computer from Sam, knowing fully well that the technology used in it is obsolete. In this case, the trade is
A. beneficial to both parties. B. beneficial only to Sam. C. beneficial only to Jack. D. not beneficial to either of them.
Who decides what portion of the money supply will be held as currency in circulation?
a. The Treasury b. The central bank c. The banking system d. The non-bank public e. All the above.
Suppose a consumption function is given as C = $150 + 0.75YD. The marginal propensity to save is
A. 0.75. B. 150. C. -0.75. D. 0.25.
Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What price does KGC charge per unit when it sells 5,000 cubic years of concrete per year?
A. $12.50 B. $25.00 C. $37.50 D. $50.00