The component standardization allows a firm to manufacture the component or chunk in higher volumes than would otherwise be possible, which in turn may lead to costs and quality. 1. higher; decreased
2. higher; increased
3. lower; decreased
4. lower; increased

Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr