Are economies of scope in producing 10 units of product

Reference no: EM13758874

Apple, a multiproduct firm, produces iPods and iPhones. Suppose the firm's cost function for iPads (product 1) and iPhones (product 2) was recently estimated as:

C(Q₁Q₂) = 75 - 0.25Q₁Q₂ + 0.10Q₁² + 0.20Q₂²

Are there economies of scope in producing 10 units of product 1and 10 units of product 2?

Reference no: EM13758874

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