Use the Table Below to Answer the Following Questions

question 161

Multiple Choice

use the Table below to answer the following questions :

-Suppose that Solange and Jay-Z could each make either New York-style pizza or Philly cheesesteaks.Given an eight-hour workday,which of the following would permit them to consume outside their respective production possibilities frontiers (PPFs) ?

• A) a decrease in technology
• B) a decrease in resources
• C) specialization and trade
• D) efficient use of all their productive resources
• E) an "Empire State" of mind

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Definitions:

Newly Merged Firm

A company that has recently combined with another entity in a merger, pooling their resources, operations, and strategies to form a single, larger organization.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Synergistic Gains

The enhanced value created by the combination of two or more companies or assets, beyond what they could achieve independently.

Acquisition

The process of obtaining control of another company or business entity through purchase or merger.