Home /
Expert Answers /
Economics /
a-firm-produces-two-products-q-1-and-q-2-the-firm-39-s-total-cost-curve-is-given-by-tc-6-000-2q-pa315
(Solved): A firm produces two products: q_(1) and q_(2). The firm's total cost curve is given by: TC=$6,000+2q ...
A firm produces two products: q_(1) and q_(2). The firm's total cost curve is given by:
TC=$6,000+2q_(1)q_(2)+60q_(1)+70q_(2)
If q_(1)=30 and q_(2)=60, does this firm have economies of scope?
A. No.
B. Yes.