Farmers rotate their crops between corn and soybean to increase crop yields.This behavior exhibits
A) Economies of scale
B) Economies of scope
C) Diseconomies of scale
D) Diseconomies of scope
Correct Answer:
Verified
Q36: A firm could experience diseconomies of scale
Q37: If long run average costs are constant
Q38: What are economies of scale?
A)decreasing average costs
Q39: All of these could be sources of
Q40: If long run average costs rise with
Q42: What are economies of scope?
A)lower average costs
Q43: Eddys' Electronics found that instead of producing
Q44: A firewood supplier has a very seasonal
Q45: What are diseconomies of scope?
A)the cost of
Q46: It costs firm A $800 to produce
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