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?
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What agricultural activity is usually found closest to the large metropolitan areas?
Answers (1)
The principle of increasing marginal opportunity cost states that the more resources devoted to any activity, the _ the payoff to devoting additional resources to that activity. a. smaller b. greater c. proportional d. more instant
Answers (1)
Which of the following should take place in the completing stage when writing an instant message? a. Creating a content outline b. Minimizing the number of receivers c. Proofreading d. Incorporating acronyms e. Minimizing the number of messages
Answers (1)
This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash. At Christmas, Samantha gave each of her three nephews Christmas gifts of an additional $6,000 in cash.
Answers (1)
Due to historical differences, countries often differ in how quickly a change in actual inflation is incorporated into a change in expected inflation.
Answers (1)
New Questions in Business
Rob's wife, Marie, has a wage income of $250,000. They jointly sold stocks in 2019 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2019, they take the standard deduction of $24,400.
Answers (1)
Which of the following statements about capitalism and socialism is correct? socialist nations are less economically productive capitalist nations have greater economic inequality capitalist nations are more economically productive All of the
Answers (1)
Transaction processing systems (TPS) a. Create enterprise-wide business intelligence reports. b. Rely on clerks to enter the transaction data into the system based on paper documents. c. Manage Customer Relation Management. d.
Answers (1)
In perfect competition: the market demand curve is perfectly inelastic while demand for an individual seller's product is perfectly elastic.
Answers (1)
Why do public goods demonstrate the limitations of a free market economy?
Answers (1)