Question 1 Which of these is an example of Economies of Scope? O Multiple auto dealers locate near each other on the same street OA firm with a staff of employees with diverse skills has lower cost than a firm with a staff that has less diverse skills OA worker is trained to do multiple tasks, making her more effective than a worker who is trained to do only a single task A pig farmer sells pork meat to slaughterhouses and pigskin to football makers.

Question 1 Which of these is an example of Economies of Scope? O Multiple auto dealers locate near each other on the same street OA firm with a staff of employees with diverse skills has lower cost than a firm with a staff that has less diverse skills OA worker is trained to do multiple tasks, making her more effective than a worker who is trained to do only a single task A pig farmer sells pork meat to slaughterhouses and pigskin to football makers.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 37CTQ: How would an improvement in technology, like the high-efficiency gas turbines or Pirelli tire plant,...

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