Author Question: In the case where a firm gains an advantage from producing more than one product, it is experiencing ... (Read 82 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
In the case where a firm gains an advantage from producing more than one product, it is experiencing
 A) economies of scale.
  B) market economies.
  C) economies of scope.
  D) increasing returns to scale.

Question 2

Which of the following statements is true about the utility possibility frontier (UPF) for two people trying to strike a deal?
 a. It limits the moves two individuals can make at different stages of the game.
  b. It tells us how the point on the UPF that they finally reach might differ with their bargaining tactics.
  c. It predicts the exact point where the two bargainers will end up irrespective of their bargaining tactics.
  d. It tells us how the point on the UPF that they finally reach might differ with their personal characteristics



iceage

  • Guest
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

For a complete list of videos, visit our video library