Economies of scope involve
A. economies realized by producing several goods simultaneously.
B. economies in marketing and transportation of many products.
C. economies from being larger and have lower cost per unit.
D. all of the above.
Ans: A. economies realized by producing several goods simultaneously.
Economics
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Suppose the pizza at Pizza House and Little Weezer's are fairly close substitutes. If Pizza House raises their price 20%, and Little Weezer's keeps their price unchanged, which is most likely to occur?
A) The demand for Little Weezer's pizza will increase B) The demand for Pizza House pizza will decrease C) Both A and B D) None of the above
Economics
Give examples of factors that decrease aggregate supply. Which way does the AS curve shift?
What will be an ideal response?
Economics