The View That Theories Are Always Tentative May Be Traced

question 48

Multiple Choice

The view that theories are always tentative may be traced back to

• A) Greece.
• B) Rome.
• C) the Renaissance.
• D) the late nineteenth century.

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Definitions:

Decreasing Returns To Scale

See Diseconomies of scale.

Economies Of Scope

Exist when the cost of producing two products jointly is less than the cost of producing those two products separately.

Economies Of Scope

Describes cost advantages that businesses experience when they increase the variety of goods or services they offer, utilizing shared operations or resources.

Economies Of Scope

Cost advantages that enterprises obtain due to a larger scope of operations, where producing a wider variety of goods or services results in lower average costs.