Which of the following is an example of a producer taking advantage of economies of scope?
a. A farmer buys more land so he can produce more soybeans.
b. GM closes a Chevy truck plant in response to a decline in the demand for trucks.
c. Disney World stays open later to serve more customers per day.
d. A dairy farmer produces cow's milk and butter.
e. A mouthwash firm expands production by improving management efficiency.
D
Economics
You might also like to view...
In the foreign exchange market, an increase in the U.S. interest rate leads to ________ in the exchange rate because the supply of dollars ________
A) a fall; decreases B) a rise; increases C) a rise; decreases D) no change; does not change E) a fall; increases
Economics
When you are playing a game, you must anticipate the move that other players might be making
Indicate whether the statement is true or false
Economics