Estimate the relative importance of economies of scale

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Reference no: EM1361990

Q. If the prices of A, B and C are $2. $3, and $1 respectively, and the consumer has $26 to spend on these three products, what combination of the three products should be purchased in order to maximize utility?

Q. Evaluate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.

Reference no: EM1361990

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