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Author Question: It costs firm A 800 to produce five radios and it costs firm B 500 to produce five batteries. If ... (Read 85 times)

Charlie

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It costs firm A 800 to produce five radios and it costs firm B 500 to produce five batteries. If Firm A merges with firm B, it can produce both the five radios and the five batteries for 1500 . The firm has experienced
 a. Economies of Scale
 b. Economies of Scope
 c. Diseconomies of Scale
  d. Diseconomies of Scope

Question 2

In a coin toss bet, where both heads and tails are equally likely, you win a 3 on heads but lose 1 on tails. The expected value of the bet is
 a. 0.50
 b. -0.50
  c. 1.00
 d. 0.00



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amandanbreshears

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Answer to Question 1

d

Answer to Question 2

c




Charlie

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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