thanks Secure Corp is a home security provider. In the long run, Secure Corp can

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thanks

Secure Corp is a home security provider. In the long run, Secure Corp can provide home security for 20,000 homes each month at a total cost of $700,000, home security for 30,000 homes at a total cost of $750,000, or home security for 40,000 homes at a total cost of $800,000. Using the purple points (diamond symbol) on this graph, plot points of the long-run average cost curve at outputs of 20,000, 30,000, and 40,000 homes. AVERAGE COST (Dollars per home per monthl 50 Average Cost 40 30 20 10 10 50 20 30 40 HOMES SERVED Thousandsl Help Clear ALL Suppose that Secure Corp provides home security for all 40,000 homes that purchase security in the metropolitan area. For the first 40,000 homes, Secure Corp faces: O Economies of scope O Economies of scale

Explanation / Answer

Economies of scale. There is no such term as economies of scope.

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