A firm with a sales department, a production department, and a marketing department provides an example of
A) team production.
B) joint production.
C) economies of scale.
D) economies of different departments.
Question 2
The indifference curves in the above figure could represent your indifference curves between
A) Coke and Pepsi, which you consider perfect substitutes.
B) eyeglass frames and eyeglass lenses, which you think are perfect complements.
C) hot dogs and textbooks, which you think are neither perfect substitutes nor perfect complements.
D) none of the above.
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