Author Question: Along any downward sloping straight-line demand curve: A) both the price elasticity and slope ... (Read 175 times)

MGLQZ

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Along any downward sloping straight-line demand curve:
 
  A) both the price elasticity and slope vary.
  B) the price elasticity varies, but the slope is constant.
  C) the slope varies, but the price elasticity is constant.
  D) both the price elasticity and slope are constant.

Question 2

Suppose a firm has multiproduct cost function that is additive such that C(q1,q2 ) = C(q1 ) + C(q2 ). What is the degree of economies of scope (SC) for this firm?
 
  A) 2
  B) 1
  C) Zero
  D) Negative



millet

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Answer to Question 1

B

Answer to Question 2

C



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