1. (15 points) Do the following cost functions have economies of scope and / or economies of scale (or both or neither)? A)TC = (Q:/2
1. (15 points) Do the following cost functions have economies of scope and / or economies of scale (or both or neither)? A)TC = (Q:/2 + Q!/2 3 B)TC = min (Q2, Q2) C) TC = Q2 4+ Qu/4
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