Which of the following cost functions exhibits economies of scope over the speci

Question

Which of the following cost functions exhibits economies of scope over the specified output range? C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 < 2 and Q2 < 2. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 4 and Q2 > 4. Which of the following cost functions exhibits economies of scope over the specified output range? C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 < 2 and Q2 < 2. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 4 and Q2 > 4. C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0. C(Q1,Q2) = 2 - 0.5Q1Q2 - (Q1)2 + (Q2)2, for all Q1 < 2 and Q2 < 2. C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 4 and Q2 > 4.

Explanation / Answer

is the exact answer thank you

C(Q1,Q2) = 2 - 3Q1Q2 - (Q1)2 + (Q2)2, for all Q1 > 0 and Q2 > 0.

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