Author Question: The ability to lower the average costs of production for two or more products is possible with a. ... (Read 95 times)

sabina · **on:** Jul 1, 2018

The ability to lower the average costs of production for two or more products is possible with
a. Economies of scale
b. Economies of Scope
c. Diseconomies of Scale
d. Diseconomies of Scope

Question 2

An increase in the quantity demanded could be caused by:
a. an increase in the price of substitute goods
b. a decrease in the price of complementary goods
c. an increase in consumer income levels
d. all of the above
e. none of the above