Q1. Time is important in roundabout production but not in direct production." Is this statement true or false? Explain why does the demand curve for loan able funds slope down? Explain why does the supply curve for loan able funds slopes upward?
Q2. Illustrate are economies of scope? Elucidate how do they differ from economies of scale?
Q3. Can the problems of imperfect also asymmetric information be used to enrich Coase's theory of the firm? Elucidate how?