Conner runs a rafting company on a local river. He runs two kinds of tripslong dash a wild whitewater experience and a more mellow wildlife tour. If he spends the day only doing whitewater trips, he can do 2 trips per day; if he spends the day only doing wildlife trips, he can do 6 trips. If he does some of each, however, he can do more total trips: 1 whitewater trips and 5 wildlife trips. Suppose that Conner's time is valued at $15 an hour. What can you say about his economies of scope? That is, what is the sign of his measure of economies of scope, SC?
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Conner runs a rafting company on a local river. He runs two kinds of tripslong dash a wild whitewate...
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