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Which of these is an example of economies of scale? a. A shoe store finds it can increase profits by hiring high school students who are willing to work for minimum wage. b. A ranch increases its profits by expanding from 400 to 800 cattle without buying or renting additional land. c. A restaurant charges customers $1 a glass for water that was once provided for free. d. An Internet access company charges customers different rates for using the Internet at different times of day.
Weegy: Which of these is an example of economies of scale? b. A ranch increases its profits by expanding from 400 to 800 cattle without buying or renting additional land. User: When a business owner purchases a license that gives them the right to use the name and business practices of a company, this individual owns a ____________. a. monopoly c. patent b. franchise d. proprietorship Weegy: b. [ franchise when a business owner purchases ... (More)
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Asked 271 days ago|7/19/2013 5:40:14 AM
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Economists describe an unintended side effect of a business activity as an externality User: A natural monopoly is a market that runs most efficiently when one large firm supplies all the output. User: Market failure can occur when resources do not move freely from one industry to another. User: An externality is an unintended side effect that benefits or harms a third party not involved in the activity. User: Which of the following is one market trend that results when a monopolistically ...
Weegy: b. The firm would try to lure 100 percent of customers by flooding the market with defective products. User: Suppose the government passed a law, taxing manufacturers according to the amount of pollutants they release into the environment. This law would be an example of which regulatory function of government shown in the illustration? a. protect consumers b. supervise labor/management relations c. promote competition d. regulate ... (More)
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Updated 176 days ago|10/22/2013 12:08:57 PM
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