Answered: Subject: Manegerial economics & policy…

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter7: Economies Of Scale And Scope

Section: Chapter Questions

Problem 7.5IP

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Subject: Manegerial economics & policy

Following are examples of typical economic decisions made by the managers of a firm.
Determine whether each is an example of what, how, or for whom.
a. Should the company make its own spare parts or buy them from an outside vendor?
b. Should the company continue to service the equipment that it sells or ask customers to
use independent repair companies?
c. Should a company expand its business to international markets or concentrate on the
domestic market?
d. Should the company replace its own communications network with a “virtual private
network” that is owned and operated by another company?
e. Should the company buy or lease the fleet of trucks that it uses to transport its products
to market?

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