What are the benefits and risks associated with just-in-time delivery of inputs to factories? Why do computer chip factories run continuously rather than maintaining some spare capacity? What is the underling economic concept that explains why 80 percent of the world's most advanced computer chips are produced by a single firm, Taiwan Semiconductor, rather than by many small firms? Just-in-time delivery of inputs to factories has benefits and risks. Identify which of the following are true. You may select more than one answer. Instructions: In order to receive full credit, you must make a selection for each option. For correct answers), click the box once to place a check mark. For incorrect answerts), click the option twice to empty the box. 5 33 It eliminates the costs associated with maintaining inventories of inputs If a single type of input is not delivered on time, a factory production line will have to be shut down. Inventories are easier to track and manage 33 Firms can more easily shop around for the best price on inputs it requires firms to maintain several input suppliers, so they don't fall short of inventory There is a cost savings for buying in bu Inventories are costly to purchase but do not generate any revenue © 100%
What are the benefits and risks associated with just-in-time delivery of inputs to factories? Why do computer chip factories run continuously rather than maintaining some spare capacity? What is the underling economic concept that explains why 80 percent of the world's most advanced computer chips are produced by a single firm, Taiwan Semiconductor, rather than by many small firms? Just-in-time delivery of inputs to factories has benefits and risks. Identify which of the following are true. You may select more than one answer. Instructions: In order to receive full credit, you must make a selection for each option. For correct answers), click the box once to place a check mark. For incorrect answerts), click the option twice to empty the box. 5 33 It eliminates the costs associated with maintaining inventories of inputs If a single type of input is not delivered on time, a factory production line will have to be shut down. Inventories are easier to track and manage 33 Firms can more easily shop around for the best price on inputs it requires firms to maintain several input suppliers, so they don't fall short of inventory There is a cost savings for buying in bu Inventories are costly to purchase but do not generate any revenue © 100%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:What are the benefits and risks associated with just-in-time delivery of inputs to factories? Why do computer chip factories run
continuously rather than maintaining some spare capacity? What is the underling economic concept that explains why 80 percent of
the world's most advanced computer chips are produced by a single firm, Taiwan Semiconductor, rather than by many small firms?
Just-in-time delivery of inputs to factories has benefits and risks. Identify which of the following are true. You may select more than one
answer.
Instructions: In order to receive full credit, you must make a selection for each option. For correct answers), click the box once to
place a check mark. For incorrect answerts), click the option twice to empty the box.
5
33
It eliminates the costs associated with maintaining inventories of inputs
If a single type of input is not delivered on time, a factory production line will have to be shut down.
Inventories are easier to track and manage
33
Firms can more easily shop around for the best price on inputs
it requires firms to maintain several input suppliers, so they don't fall short of inventory
There is a cost savings for buying in bu
Inventories are costly to purchase but do not generate any revenue
©
100%
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