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Author Question: Along any downward sloping straight-line demand curve: A) both the price elasticity and slope ... (Read 202 times)

MGLQZ

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

B

Answer to Question 2

C


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