What is the measuring of economic of scope

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1. What is the measuring of economic of scope?how do they differ from economics of scale? Provide examples in discussion.

2. As an employer wants to reduce the production cost during the economic recession, He/She could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all. Which method would you choose? Why?

Reference no: EM13794221

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