Determine the elasticity of substitution in the case of the isoquant in panel A of Figure 6-1.  Suppose a firm has the production technology shown below for Goods 1 and 2. (a) Does Good 1 indicate...

Determine the elasticity of substitution in the case of the

isoquant in panel A of Figure 6-1.

 Suppose a firm has the production technology shown below

for Goods 1 and 2.

(a) Does Good 1 indicate economies of scale? Why?

(b) Does Good 2 indicate economies of scale? Why?

(c) Do the two goods indicate economies of scope? Why?