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Author Question: All of these could be sources of economies of scale except a. Investment in more efficient ... (Read 61 times)

clippers!

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on: Jul 1, 2018
All of these could be sources of economies of scale except
 a. Investment in more efficient technology
  b. Specialization
 c. A bottleneck procedure
 d. Discounts on bulk purchase of inputs

Question 2

Jim is haggling with a car dealer over the sale price of a used car. When he entered the store he was the only customer. During the negotiations, a second customer walks in and is interested in that particular car. At this point
 a. Jim has a better chance of having his offer accepted, since the seller does not have any outside offers
  b. Jim has lower chances of having his offer accepted, since the seller has more outside offers
 c. The disagreement value for the seller has increased
 d. This should not impact Jim's chances of having his offer accepted


CharlieArnold

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

b


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