Suppose the Cost of Producing Two Goods,x and Y,can Be

question 65

Multiple Choice

Suppose the cost of producing two goods,x and y,can be represented as C = ax + by + cxy.If there are diseconomies of scope,then which of the following must be true?

• A) a = b
• B) a + b = -c
• C) c > 0
• D) c < 0

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Definitions:

Descriptive

Relating to the process of describing, illustrating, or detailing the characteristics of a dataset.

Average Age

The mean age of a group of individuals, calculated by dividing the sum of their ages by the number of individuals.

Median

The middle value in a data set, which divides the data into two halves.

Descriptive Statistics

Statistical measures that summarize and describe the features of a collection of information, such as mean, median, and mode.