Economies of Scope Occur When

question 157

Multiple Choice

Economies of scope occur when

• A)two firms producing different products merge and average total cost declines.
• B)a firm increases output and long-run average total cost declines.
• C)an increase in capital shifts the short-run average total cost curve down.
• D)one firm spins off and average total cost declines.
• E)average total cost increases along with firm expansion.

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Definitions:

Superficially Resemble

To appear similar or alike on the surface, but possibly different in more profound or structural aspects.

Deuterostomes

Organisms characterized by undergoing deuterostomy during embryonic development, where the anus forms before the mouth.

Blastopore

The opening formed during early embryonic development in animals, which can develop into the mouth or anus depending on the species.

Radial Cleavage

A pattern of animal embryonic development in which the divisions of the egg are symmetrical around the polar axis, typical of deuterostomes.