A student who lives in Minneapolis chooses to spend her spring break in Florida rather than in Jamaica because Florida is closer and the plane fare is cheaper. This type of decision-making best illustrates the concept of human capital A time space compression B intervening opportunities C the rank size rule D central place theory

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.