Consider a firm that produces both flutes and piccolos. What will the​ firm's production transformation curve look like if it experiences economies of​ scope? What will the​ firm's production transformation curve look like if it does​ not? ​1.) Using the​ three-point curved line drawing tool​, draw the​ firm's production transformation curve if it experiences economies of scope. Label this curve Upper O Subscript Upper S . ​2.) Using the line drawing tool​ , draw the​ firm's production transformation curve if it experiences no gains or losses from joint production. Label this line Upper O Subscript Upper N . Carefully follow the instructions​ above, and only draw the required objects.

If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk