23. The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000) and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000 ). Does this production exhibit scale economies or scope economies, and why? Naked Economics Chapter 1 Question If we assume that consumers try to make themselves as well-off as possible and firms try to maximize profits, then this leads to six (6) key conclusions discussed in chapter 1. What are they