Q. Firm elucidate which basic economic problem: of Illustrate what, Elucidate how also for whom apply to the following the economic decision.

i) Explain what should company make its own spare parts or buy them from an outside vendor?

ii) Explain what should company continue to service the equipment that it sells or ask customers to use independent repair companies?

iii) Should a company expand its business to international marketplaces or concentrate on thedomestic marketplace?

iv) Should company replace its own communications ne2rk with a "virtual private ne2rk" that is owned also operated by another company?

v) Should the company buy or lease the fleet of trucks that it uses to transport its products to marketplace?