For a given pair of production outputs, the degree of economies ...

[DelorasTo]

For a given pair of production outputs, the degree of economies of scope:
 
  A) is constant across different output levels.
  B) only increases as the level of output increases.
  C) may increase or decrease with output.
  D) will always tend to zero as output becomes very large.

Question 2

Refer to Figure 2.1. At point E, demand is:
 
  A) completely inelastic.
  B) inelastic, but not completely inelastic.
  C) unit elastic.
  D) elastic, but not infinitely elastic.
  E) infinitely elastic.

[Missbam101]

Answer to Question 1

C

Answer to Question 2

A

[DelorasTo]

Correct answers!

[Missbam101]

Great! Please up vote