Question: 5. A multiproduct firm's cost function was recently estimated as C (Q 1, Q2) = 85- 0.5Q ,Q2 + 0.3Q , +0.40Q2 5.1. (5 points)

5. A multiproduct firm's cost function was recently estimated as C (Q 1, Q2) = 85- 0.5Q ,Q2 + 0.3Q , +0.40Q2 5.1. (5 points) Are there economies of scope in producing 10 units of product 1 and 10 units of product 2? 5.2. (5 points) Are there cost complementarities in producing product 1 and product 2? 5.3. (5 points) Suppose the division selling product 2 is floundering and another firm has made an offer to buy the rights to produce product 2. How would the sale of the rights to produce product 2 change the firm's marginal cost of producing product 1
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