Which of the Following Best Describes Economies of Scope

question 22

Multiple Choice

Which of the following best describes economies of scope?

• A)They occur when the average cost of production decreases as the level of output increases.
• B)They are effects on costs related to managerial ability and other hard-to-quantify factors.
• C)They occur when cost savings are realized from using many of the same inputs to produce multiple products.
• D)They occur when the average cost of production increases as the level of output increases.
• E)They occur when cost increases are realized from using many of the same inputs to produce multiple products.

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Definitions:

Prenatally

Pertaining to the period or development before birth.

Oedipal Conflict

A phase in Freudian theory where a child feels desire for the opposite-sex parent and jealousy and envy towards the same-sex parent.

Castration Anxiety

A concept in psychoanalytic theory referring to the fear felt in young boys that they could be punished by castration for Oedipal desires towards their mother and rivalry with their father.

Penis Envy

A concept in psychoanalytic theory describing a female's sense of inferiority and jealousy towards males for having a penis, as formulated by Sigmund Freud.