Which Term Refers to Increases in Unit Costs as Production

question 20

Multiple Choice

Which term refers to increases in unit costs as production increases?

• A)vicious circle
• B)diseconomies of scale
• C)economies of scope
• D)experience curve effects

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Definitions:

Profits and Losses

Profits and losses refer to the financial gains and losses that a business incurs through its operations, reflecting the difference between revenues and expenses.

Remaining Partners

The partners who continue the business operations of a partnership after one or more partners have exited.

Independent Appraisal

An evaluation conducted by a neutral third-party to determine the value of a property, business, or other asset.

Capital Account Balances

The amounts recorded in the equity section of a company’s balance sheet, representing the net worth contributed by owners or shareholders.