(Answered) Question 1for the following scenarios circle whether you

Economics

Question 1:

For the following scenarios, circle whether you think it would be optimal for the firm to acquireits inputs using a spot market, contract, or vertical integration, and briefly (1-2 sentences)explain why.

a) You are manufacturing a product that requires a motor with a non-standard design. The specifications are, however, straightforward write out.

Circle One: Spot Market / Contract / Vertical Integration

b) You're a home builder, and you require a large number of nails for construction.

Circle one: Spot Market / Contract / Vertical Integration

c) You require a specialized part for your production process, but the requirements of thepart are expected to change frequently. This would mean costly renegotiation of any contracts you have with the part supplier.

Circle One: Spot Market / Contract / Vertical Integration

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92265998
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Part a the mean of the sample was calculated as 500 the

Part a) The mean of the sample was calculated as 500. The sample of 25 observations was randomly drawn from a population whose standard deviation is 15. Estimate the population means with 99% confidence. Part b) A random ...

Patients are randomly assigned to one of the four treatment

Patients are randomly assigned to one of the four treatment groups to cure a disease: 1) Control 2) Experimental 1 3) Experimental 2 4) Experimental 3 There are 200 patients in the trial; 20 are randomly assigned to the ...

Assume the following for the town of boone it has a total

Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age or are institutionalized; 8,000 are full-time students who are not employed and are not see ...

Calculate the present worth of all costs for a

Calculate the present worth of all costs for a newly acquired machine with an initial cost of $30,000, no trade-in value, a life of 15 years, and an annual operating cost of $13,000 for the first 4 years, increasing by 1 ...

What is the effect of changes in gasoline prices on the

What is the effect of changes in gasoline prices on the demand for restaurant meals? Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline

What type of exchange rate is associated with a higher

What type of exchange rate is associated with a higher probability of experiencing a crisis? Why?

Determine the minimum sample size required when you want to

Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 4.82 in a normally distributed population.

What do economists mean when they say that here is no such

What do economists mean when they say "that here is no such thing as a free lunch"?

Brexita what are the economic implications provide a

"Brexit" A. What are the economic implications? Provide a credible citation. B. What possible impact could this event have on European trade? Provide a credible citation.

The demand fornbspbedspreadsisnbsppnbspnbsp150-4qdthe

The demand for bedspreadsis P ? = 150-4 QD . The supply of bedspreads is P ? = 125+5 QS . What is the equilibrium price of a bedspread and what is the equilibrium quantity of bedspreads?? The equilibrium price is ?$ () ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert