Explain the concept of economies of scope and how do we measure it. How can you derive the Long run.
Explain the concept of economies of end and how do we mete it. How can you draw the Long run Average Require (LAC) from the Short run Average Require (SAC) subordinate oral require system? 5 Explain the concept of “Learning Curve”? What is its figure? What is the contact of culture on downward sloping “LAC” incurvation?