A firm produces two products: q1 and q 2. The firm's total cost curve is given by:
TC = $1, 500 + 3q 1 q 2 + 10q 1 + 60q 2
.
If q 1 =20 and q 2 =40, this firm:
has economies of scope
does not have economies of scope
has economies of scale
has neither economies of scope nor economies of scale
Please show ALL work.
Get Answers For Free
Most questions answered within 1 hours.