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Author Question: Which of the following is the best example of economies of scope? A) Coca-Cola expands its global ... (Read 90 times)

s.tung

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on: Jul 1, 2018
Which of the following is the best example of economies of scope?
 
  A) Coca-Cola expands its global operations to sub-Sahara Africa.
  B) Alcohol for car fuel is produced from corn.
  C) Amazon.com decides to rent out its Web site to independent e-commerce companies.
  D) A company reduces its cost by getting bigger discounts for bulk purchases.

Question 2

Why can't all goods be inferior?
 
  What will be an ideal response?


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nmyers

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

C

Answer to Question 2

If all goods were inferior, an increase in income would lead to a decline in the quantity demanded for all goods. This, however, would leave the consumer below the budget line and therefore not achieving the highest utility possible.


s.tung

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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