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Author Question: If Quick Auto Service increases the size of its shop, enabling it to purchase cost-saving capital ... (Read 113 times)

notis

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on: Jun 29, 2018
If Quick Auto Service increases the size of its shop, enabling it to purchase cost-saving capital equipment so that the cost of servicing a car falls, this would be an example of
 
  A) economies of scope.
  B) economies of scale.
  C) monitoring.
  D) increasing transactions costs.

Question 2

A constant marginal rate of substitution between two goods implies that they are
 
  A) perfect complements.
  B) perfect substitutes.
  C) independent goods.
  D) unattainable.


Mochi

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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notis

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Reply #2 on: Jun 29, 2018
Correct answers!


Mochi

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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