(Answered) 1 some companies advertise we deal in high volume and pass

Management Studies

1. Some? ?companies? ?advertise:? ?"We? ?deal? ?in? ?high? ?volume? ?and? ?pass? ?our? ?savings? ?on? ?to? ?you? ?in? ?the form? ?of? ?lower? ?prices."? ?How? ?could? ?this? ?be?

2. Many? ?people? ?search? ?out? ?and? ?purchase? ?"bargains"? ?at? ?garage? ?and? ?yard? ?sales.? ?What? ?are some? ?implicit? ?costs? ?associated? ?with? ?this? ?type? ?of? ?shopping?

3. Is? ?the? ?"best"? ?quantity? ?of? ?workers? ?to? ?hire? ?where? ?the? ?marginal? ?productivity? ?of? ?the? ?last worker? ?employed? ?is? ?the? ?greatest? ?(which? ?implies? ?an? ?output? ?level? ?in? ?which? ?the? ?marginal? ?cost of? ?producing? ?additional? ?units? ?is? ?the? ?cheapest)?

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