Eddys' Electronics found that instead of producing a dvd player and a gaming system separately, it is cheaper to incorporate dvd playing capabilities in their new version of the gaming system. Eddy's is taking advantage of

a. Economies of Scale
b. Learning curve
c. Economies of Scope
d. Decreasing marginal costs

c

Economics

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In order to prove that Dr. Pepper and 7-Up are substitutes, the FTC should test the ____ and get a ____

a. price elasticity of demand; number less than 1 b. income elasticity; positive number c. price elasticity; negative number d. price elasticity of demand; number greater than 1 e. cross-price elasticity; positive number

Economics

Some economists argue that federal government capital projects, which offer benefits over a number of years, should be financed through deficit financing

a. True b. False Indicate whether the statement is true or false

Economics