--%>

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 : Consumers equilibrium in case of two

    Describe the consumer’s equilibrium in case of two commodities (IC) approach. Answer: Consumer equilibrium refers to a condition when he spends his specified

  • Q : Define the term privatization What do

    What do you mean by the term privatization?

  • Q : Foreign Exchange Market Whatt happens

    Whatt happens in the foreign exchange market when there is a U.S. export transaction

  • Q : Examples of pairs of substitutes goods

    Illustrations of pairs of goods which are close substitutes comprise: (i) Bow ties and tuxedoes. (ii) Glasses and contact lenses. (iii) Power boats and water skis. (iv) Baby food and diapers. (v) Camping trailers and large SUVs.

    Q : Possible elasticity of brain power of TV

    When doubling your viewing of soap operas to sixteen hours per week causes your IQ score to reduce from a genius level of 140 to a sluggish 70, your TV elasticity of brain power is possibly: (i) -1.0. (ii) +1.0. (iii) -2.0. (iv) 2.0. (v) -0.5.

    Q : Gini Coefficient in Loren Curve A Gini

    A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B.  (y) area C minus [area A + area B]. (z) [area A] / [area A + area B].

    Q : Fundamental Normative Economics The

    The fundamental economic question for that answers are most likely to be different greatly across the populace and be most heavily based upon value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods so

  • Q : Illustration of Rational Ignorance I

    I have a problem in economics on Illustration of Rational Ignorance. Please help me in the following question. Supposing that the meat you purchase from a grocery store is good devoid of inspecting its quality yourself with the microscope is an illustration of: (1) Be

  • Q : Asymmetric Information-Efficiency of

    Asymmetric information is less difficult for the efficiency of laissez faire transactions whenever transactions: (i) Are voluntary and are predict to be repeated many times. (ii) Costs are relatively very high. (iii) Are regulated by the complex govt.

  • Q : Define deficit budget Deficit budget :

    Deficit budget: When expenditure of the government is greater than its receipts, it is termed as deficit budget.