[Answered] When a product transformation curve is bowed outward, there are _______

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Author Question: When a product transformation curve is bowed outward, there are ________ in production. A) ... (Read 264 times)

james0929

Hero Member
Posts: 586

on: Jul 1, 2018

When a product transformation curve is bowed outward, there are ________ in production.

A) economies of scope
B) economies of scale
C) diseconomies of scope
D) diseconomies of scale
E) none of the above

Question 2

Given the information in Figure 18.1, the competitive output in the corbomite industry is:

A) Q0.
B) Q1.
C) Q2.
D) any level as long as price is P0.

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katieost

Sr. Member
Posts: 358

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

james0929

Hero Member
Posts: 586

Reply #2 on: Jul 1, 2018

Thank you

katieost

Sr. Member
Posts: 358

Reply #3 on: Jul 1, 2018

Happy to help you

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