Which of the following is an example of economies of scope? A) A mountain resort begins...

Which of the following is an example of economies of scope?

A) A mountain resort begins running chairlifts for mountain bikers and hikers during the summer. The resort was initially built for skiing during the winter months.

B) Some computer hardware manufacturers lower costs by outsourcing support services to call centers in India.

C) Securicorp can provide security services to all local households at a lower average cost than if two firms provided home security.

D) Walmart can transport goods and services at a lower cost than any of its retail competitors can.

Expert Solution

Economies of scope is nothing but finding a new business opportunity which is linked to the primary business.

A) A mountain resort begins running chairlifts for mountain bikers and hikers during the summer. The resort was initially built for skiing during the winter months.

It has found another business opportunity in the existing one.

Rahul Sunny answered 2 years ago

Which of the following companies will likely find it most necessary to realize economies of scope...

Which of the following companies will likely find it most necessary to realize economies of scope through high volume sales? One with low fixed costs One facing high fixed costs Ones paying efficiency wages Ones NOT paying efficiency wages Ones facing inelastic demand

Which of the following cost functions exhibits economies of scope when three (3) units of good...

Which of the following cost functions exhibits economies of scope when three (3) units of good one and two (2) units of good two are produced? 1) C = 50 − 5Q1Q2 + 0.5Q12 + Q22. 2) C = 15 + 5Q1Q2 + 2Q1 + 4Q2. 3)C = 5 + Q1Q2 + Q12Q22. 4)C = 10 + 4Q1Q2 + Q12 + Q22. Please tell me the # of the answer.and explain thanks.

How does the concepts of economies of scope and economies ofscale different in relation to...

How does the concepts of economies of scope and economies of scale different in relation to the merger of Strayer University and Capella University? What are the synergies that come from the economies of scope? What are the synergies that come from economies of scale?

1. Define economies of scale. 2. Define economies of scope. 3. Define economies of sequence. 4....

1. Define economies of scale. 2. Define economies of scope. 3. Define economies of sequence. 4. What would you want to know before you commit to a make or buy decision?

(4 pts) Define ‘economies of scope’ and ‘economies of scale’. Discuss how they are similar. Discuss...

(4 pts) Define ‘economies of scope’ and ‘economies of scale’. Discuss how they are similar. Discuss how they differ. Explain how either could be used to sustain positive economic profits (up to and including a monopolistic position).

Discuss the difference between economies of scale and economies of scope. Choose a real-life firm and...

Discuss the difference between economies of scale and economies of scope. Choose a real-life firm and describe how it experiences economies of scope

The Mountain Top Resort Community is an elegant, thriving four-season resort and community of over 1,200...

The Mountain Top Resort Community is an elegant, thriving four-season resort and community of over 1,200 single family homes, 1,000 time-share units, and a multi-million-dollar ski business. Guests visiting the resort can enjoy the indoor/outdoor water park, play golf on one of the two 18-hole championship golf courses, ski, snowboard, or snow tube in the winter on 14 trails that are all lighted for night skiing, or relax at the full-service spa. There are also three dining rooms, card rooms,...

How do you think Walmart's economies of scale and scope are viewed by the following: 1....

How do you think Walmart's economies of scale and scope are viewed by the following: 1. competitors 2. suppliers 3. consumers 4. workers

he Mountain Top Resort Community is an elegant, thriving four-season resort and community of over 1,200...

he Mountain Top Resort Community is an elegant, thriving four-season resort and community of over 1,200 single family homes, 1,000 time-share units, and a multimillion-dollar ski business. Guests visiting the resort can enjoy the indoor/outdoor water park, play golf on one of the two 18-hole championship golf courses, ski, snowboard, or snow tube in the winter on 14 trails that are all lighted for night skiing, or relax at the full-service spa. There are also three dining rooms, card rooms,...

1.Explain what is meant by economies of scale and economies of scope. 2. Give two examples...

1.Explain what is meant by economies of scale and economies of scope. 2. Give two examples of what would cause the short-run average total cost to shift up. Give two examples of what would cause the short-run average total cost to shift down. Draw both scenarios.

Question