Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Jiffyburger, a fast-food outlet, sells approximately 8,000 quarter-pound hamburgers in a given week. To meet that demand, Jiffyburger needs 2,000 pounds of ground beef delivered to its premises every Monday morning by 8:00 AM sharp.
1. As the manager of a Jiffyburger franchise, what problems would you anticipate if you acquired ground beef using spot exchange?
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