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Author Question: When a product transformation curve is bowed outward, there are ________ in production. A) ... (Read 313 times)

james0929

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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

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


james0929

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Reply #2 on: Jul 1, 2018
Thank you :)


katieost

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Reply #3 on: Jul 1, 2018
Happy to help you


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