It costs a firm 80 per unit to produce product A and 50 per unit ...

[darbym82]

It costs a firm 80 per unit to produce product A and 50 per unit to produce B individually. If the firm can produce both products together at 120 per unit of product A and B, this exhibits signs of
 a. Economies of scale
  b. Economies of Scope
  c. Diseconomies of Scale
  d. Diseconomies of Scope

Question 2

Those goods having a calculated income elasticity that is negative are called:
 a. producers' goods
  b. durable goods
  c. inferior goods
  d. nondurable goods
  e. none of the above

[bblaney]

Answer to Question 1

b

Answer to Question 2

c