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A firm produces two products: and . The production technology displays the following costs, where (,) represents the cost of producing units of and units
A firm produces two products: and . The production technology displays the following costs, where (,) represents the cost of producing units of and units of : (0,50) = 100, (5,0) = 150 (0,100) = 210, (10,0) = 320 (5,50) = 240, (10,100) = 500 Does this production technology display economies of scale? Of scope?
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