Complete Question:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that repairs only one or the other, this would be an example of __________.
Group of answer choices
A. economies of scope
B. economies of scale
C. monitoring
D. increasing transactions costs
Answer:
A. economies of scope
Explanation:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of economies of scope.
Economies of scope can be defined as an economic factor which makes proportionate savings possible as well as reducing the cost of production when products are manufactured together instead of manufacturing them individually or separately.
Answer: O EQUILIBRIUM
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Answer:
1- a. A stock's intrinsic value is based on true investor return.
2- a. Most investors prefer companies that can rise prices beyond reasonable levels.
b. Successful companies can avoid raising external funds in the financial markets.
Explanation:
Intrinsic value of a company's stock is the real value of stock which is based on systematic factors affecting the company. The factors affecting the intrinsic value of company are usually internal factors. The performance of company management, employee satisfaction and its operational efficiencies are the factor which drive intrinsic value of a company.
Answer:
fails to achieve the minimum average total costs attainable at each level of output.
Explanation:
X Inefficiency do take place in a firm when there is little or no incentive in controlling costs. As a result of this average cost of production will go up than necessary. And as a result of lack of incentives, technically, the firm will be far from efficient. It should be noted that X-inefficiency could be described as a situation in which a firm fails to achieve the minimum average total costs attainable at each level of output.
1. If Milo should try to sue Jess, the court will decide that
- that the parties had a contract, but the damages could not be ascertained because the hourly rate and number of hours had not been determined.
2. Yes, Sylvia will have to pay Sarah for painting the store, even though she did not verbally agree to the contract.
3. The store manager is most likely to explain to Arlene here that the advertisement is a valid offer, and the store must honor the price in the advertisement.
<h3>What is a business contract?</h3>
A contract can be referred to as business arrangements. They are very enforceable in the case of a breach by a court of law.
A business contract usually makes specifications concerning when a business would be done, the completion, and the payment for the goods and services rendered.
One has to fully understand the terms of a contract before they go ahead to sign documents.
Read more on contracts here: brainly.com/question/984979
