1. Economies of Scope and Scale You are asked by a regulator to assess if the least cost production of cell phone service and landline service would occur if these two services were provided by a single fnm. The cost function for a single rm to supply these two services is given by C (x, y) = x + 1 y + (x303. Please state whether a single producer of the two goods would allow for least cost production. Explain/show your