--%>
Assignment Help - homework help

Scope of Economies

I have a problem in economics on Scope of Economies. Please help me in the following question. Whenever the production of one good (example: milk) decreases the production costs of complementary products (that is, butter and cheese), a firm is capable to exploit the economies of: (i) Scope. (ii) Scale. (iii) Transaction costs. (iv) Information. (v) Structure.

What is the most precise answer from the above.

   Related Questions in Microeconomics

  • Q : Effect on price Demand and supply of

    When we only know that the demand and the supply of a resource or good both have increased, we would decide that the resulting change within its price will be: (w) positive. (x) negative. (y) zero. (z) indeterminate.<

    		•
  • Q : Monopsony and Marginal Resource Cost

    The labor monopsonist which doesn’t wage discriminates consists of a marginal resource cost curve [or marginal factor cost curve] which is above the labor supply curve then the firm faces as: (1) Monopsonists encompass market power in the markets for output. (2)

    		•
  • Q : Purely-competitive market demand For

    For the purely-competitive cranberry market, as in below figure there Curve H is: (i) industry’s long-run supply curve. (ii) firm’s demand curve in the short run. (iii) industry’s marginal cost curve. (iv) firm’s long run margi

    		•
  • Q : Sum of Monopolistic Exploitation Sum of

    Sum of the monopolistic exploitation across all workers tends to rise however a firm as well functions at a more socially and economically proficient level of output and employment whenever the firm is capable to engage in: (1) Blacklisting in its dea

    		•
  • Q : Problem on financial Intermediation The

    The main reason for the existence of financial intermediaries is as: (1) Direct flows of savings from the individuals to firms would necessitate higher transaction costs. (2) That just wealthy individuals can afford to invest in the stocks and bonds. (3) The habits of

    		•
  • Q : Define factor market Factor market : It

    Factor market: It comprises of factors of production namely land, labor, capital and associations.

    		•
  • Q : Shut down by drastically raise price in

    Mom and Pop Ping-Pong Balls is an established table tennis supply store within a small city. You are the owner of Ping-Pong Megastore as well and you have just opened up a location in their small city. When you set prices so low which Mom and Pop is forced to shut dow

    		•
  • Q : Short-run supply curve of a purely

    Short-run supply curve of a purely competitive firm is the positively sloped segment of: (a) its long run sales revenue curve. (b) its marginal fixed cost curve. (c) its average profits curve. (d) its average total cost curve. (e) its MC curve above t

    		•
  • Q : Unregulated monopoly economic efficiency

    Mainly economists object to unregulated monopoly primarily since: (w) economies of large scale operation may be attained. (x) technological advance may be fostered. (y) economic efficiency would be promoted. (z) economic efficiency may be decreased.

    		•
  • Q : Effect of preference on demand Maureen

    Maureen generally drinks two glasses of Lost Horizons Cabernet Sauvignon each evening. Her demand for her preferred brand is least probable to be influenced by:  (i) The bad crop of grapes lowering the quality of Lost Horizons Cabernet. (ii) Getting a $4000 annua

    		•