Economics

Posted on by Leakey

1 – What is the meaning of economics of scope? How do they differ from economics of scale? Provide examples in your discussion.

Question 2 – As an employer wants to reduce the production cost during the economic recession, he/she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all. Which method would you choose? Why?

 

 

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