If there are economies of scope across two businesses, most providers will ______. a. Be specialized...
If there are economies of scope across two businesses, most providers will ______.
a. Be specialized
b. Be small and competitive
c. Sell both products
Homework Answers
The economy of scope can be defined as a proportionate saving gained by producing two or more distinct goods when the cost of doing so is less than that of producing it separately.
Henceforth, the answer to the question is the most providers will sell both products.
Add Answer to:
If there are economies of scope across two businesses, most
providers will ______.
a. Be specialized...
Economies of scope in the production of goods G and W exist if O both a...
Economies of scope in the production of goods G and W exist if O both a and c. o both b and c.
Seved Help When there are economies of scope between two products which are separately produced by...
Seved Help When there are economies of scope between two products which are separately produced by two firms, merging into a single firm can! Multiple Choice 0 accomplish an increase in sales. accomplish a reduction in costs. ( lead to an increase in cost. ( lead to a reduction in sales.
3. Show whether the cost function C (q,+q14-(qiq) exhibits both economies of scope and economies of...
3. Show whether the cost function C (q,+q14-(qiq) exhibits both economies of scope and economies of scale b Derive the bDerive the conditions under which the cost function C(qi.q) 1+(q + g2) exhibits economies of scope. 4 Consider a market in which all firms have the following total cost function C(g)-150+q+0.5q What level of output corresponds to the minimum average total b) cost (minimum efficient scale)? If firms are perfectly competitive, what is the equation of an individual firm's supply...
2. "Economies of scope" exhibits when the joint cost of producing two or more goods is...
2. "Economies of scope" exhibits when the joint cost of producing two or more goods is less than the sum of the separate costs. One of the examples is the oil refinery using the exhausted heat to cogenerate electric power. Please provide one more example of industry exhibiting economies of scope. A URL reference link to support your answer is a plus. Please answer all the two questions by one paragraph for each
18, Which of the following cost functions exhibits economies of scope when three (3) units of...
18, Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced? A. C 50-5Q0 + 0.5Q. Q B. C 10+ 4Q Q2 + Q+ Q C. C- 15+5Q Q +2Q, 402 5+QQ2+ QQ2. D. C 19. The production function for a competitive firm is Q = K51S, The firm sells its output at a price of $10 and can hire labor at a wage...
Two firms producing identical products may merge due to the existence of Multiple Choice economies of...
Two firms producing identical products may merge due to the existence of Multiple Choice economies of scope. economies of scale. cost complementarities. All of the statements are correct.
What can you say about Laura's economies of scope f her time is valued at $725...
What can you say about Laura's economies of scope f her time is valued at $725 an hour and her production possibility frontier is PPF in the figure to the right? Assume Laura works an B-hour day. The value of Laura's economies of scope when picking 4 pints of wild strawberries per day is SL (Enter your response rounded to two decimal places) Mustrooms, Pirts per day Enter your answer in the answer box and then click Check Answer
31. If two countries begin trade and both produce a product subject to internal economies of...
31. If two countries begin trade and both produce a product subject to internal economies of scale, then the country with the rate of production will production until it controls of the market. A) higher; increase; 50%. B) higher, increase; 100%. C) higher; decrease; 0% D) lower; increase; 50%. E) lower, increase; 100%. 32.__. The primary determinant of patterns of interregional trade is: A) accidents of history. B) centralized optimization. C) resource allocations. D) weather. E) factor abundance. 33. The...
6. Which customer perception of value focuses on achieving economies of scope in product/service presentation? A....
6. Which customer perception of value focuses on achieving economies of scope in product/service presentation? A. Relevancy Value B. Economic Value C. Perceived Value D. Market Value E. Social Value
Economies of Scope Suppose the joint total cost function of a telecommuncications company providing internet service,...
Economies of Scope Suppose the joint total cost function of a telecommuncications company providing internet service, Q1 and TV cable service Q2 is the following: C(Q1Q2) = Q1 + Q2 + (Q1 x Q2)1/3 A) Does this multi-service firm experience economies of scope when it provides internet access to 75 customers, and cable T.V. access to 125 customers? Does this cost equation suggest that the multi-service firm enjoys cost complementarity among its two services? Please clarify and explain throroughly. (Note,...
Economies of scope in the production of goods G and W exist if O both a and c. o both b and c.
Seved Help When there are economies of scope between two products which are separately produced by two firms, merging into a single firm can! Multiple Choice 0 accomplish an increase in sales. accomplish a reduction in costs. ( lead to an increase in cost. ( lead to a reduction in sales.
3. Show whether the cost function C (q,+q14-(qiq) exhibits both economies of scope and economies of scale b Derive the bDerive the conditions under which the cost function C(qi.q) 1+(q + g2) exhibits economies of scope. 4 Consider a market in which all firms have the following total cost function C(g)-150+q+0.5q What level of output corresponds to the minimum average total b) cost (minimum efficient scale)? If firms are perfectly competitive, what is the equation of an individual firm's supply...
2. "Economies of scope" exhibits when the joint cost of producing two or more goods is less than the sum of the separate costs. One of the examples is the oil refinery using the exhausted heat to cogenerate electric power. Please provide one more example of industry exhibiting economies of scope. A URL reference link to support your answer is a plus. Please answer all the two questions by one paragraph for each
18, Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced? A. C 50-5Q0 + 0.5Q. Q B. C 10+ 4Q Q2 + Q+ Q C. C- 15+5Q Q +2Q, 402 5+QQ2+ QQ2. D. C 19. The production function for a competitive firm is Q = K51S, The firm sells its output at a price of $10 and can hire labor at a wage...
Two firms producing identical products may merge due to the existence of Multiple Choice economies of scope. economies of scale. cost complementarities. All of the statements are correct.
What can you say about Laura's economies of scope f her time is valued at $725 an hour and her production possibility frontier is PPF in the figure to the right? Assume Laura works an B-hour day. The value of Laura's economies of scope when picking 4 pints of wild strawberries per day is SL (Enter your response rounded to two decimal places) Mustrooms, Pirts per day Enter your answer in the answer box and then click Check Answer
31. If two countries begin trade and both produce a product subject to internal economies of scale, then the country with the rate of production will production until it controls of the market. A) higher; increase; 50%. B) higher, increase; 100%. C) higher; decrease; 0% D) lower; increase; 50%. E) lower, increase; 100%. 32.__. The primary determinant of patterns of interregional trade is: A) accidents of history. B) centralized optimization. C) resource allocations. D) weather. E) factor abundance. 33. The...
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