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Author Question: It costs firm A 800 to produce five radios and it costs firm B 500 to produce five batteries. If ... (Read 57 times)

Charlie

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on: Jul 1, 2018
It costs firm A 800 to produce five radios and it costs firm B 500 to produce five batteries. If Firm A merges with firm B, it can produce both the five radios and the five batteries for 1500 . The firm has experienced
 a. Economies of Scale
 b. Economies of Scope
 c. Diseconomies of Scale
  d. Diseconomies of Scope

Question 2

In a coin toss bet, where both heads and tails are equally likely, you win a 3 on heads but lose 1 on tails. The expected value of the bet is
 a. 0.50
 b. -0.50
  c. 1.00
 d. 0.00


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amandanbreshears

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

d

Answer to Question 2

c


Charlie

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
:D TYSM

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