When Apple Inc. decided to open another branch/store/outlet or presence in a totally different market or industry. Include the below in your discussion: a) The implication of labor and capital costs, changes in the cost of labor or capital on their business in the new market or industry b) How will an excess benefit from their production affect how much of the product or service they will produce c) The implication of MRTS and economies of scale on their business venture d) The impact of the availability of substitutes to the production e) The possible effects of the type of industry and competitiveness within it on their business operations.
When Apple Inc. decided to open another branch/store/outlet or presence in a totally different market or industry. Include the below in your discussion: a) The implication of labor and capital costs, changes in the cost of labor or capital on their business in the new market or industry b) How will an excess benefit from their production affect how much of the product or service they will produce c) The implication of MRTS and economies of scale on their business venture d) The impact of the availability of substitutes to the production e) The possible effects of the type of industry and competitiveness within it on their business operations.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When Apple Inc. decided to open another branch/store/outlet or presence in a totally different market or industry. Include the below in your discussion:
a) The implication of labor and capital costs, changes in the cost of labor or capital on their business in the new market or industry
b) How will an excess benefit from their production affect how much of the product or service they will produce
c) The implication of MRTS and economies of scale on their business venture
d) The impact of the availability of substitutes to the production
e) The possible effects of the type of industry and competitiveness within it on their business operations.
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