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Author Question: It costs a firm 80 per unit to produce product A and 50 per unit to produce B individually. If the ... (Read 87 times)

darbym82

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on: Jul 1, 2018
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

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

b

Answer to Question 2

c


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