What can you say about Laura's economies of scope if her time is valued at $5 an

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What can you say about Laura's economies of scope if her time is valued at $5 an hour and her production possibility frontier is PPF1 in Figure 7.10?
Figure 7.10: Joint Production

PPF1 PPF2 4 Wild strawberries, Pints per day Mushrooms, Pints per day

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:52 AM

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What can you say about Laura's economies of scope if her time is valued at $5 an

Question:

PPF1 PPF2 4 Wild strawberries, Pints per day Mushrooms, Pints per day

Step by Step Answer:

If her production possibilities frontier is PPF 1 she can pick 6 pints of ...View the full answer

Microeconomics Theory and Applications with Calculus

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