Economies of ______ Occur When a Single Firm Can Produce

question 32

Multiple Choice

Economies of ______ occur when a single firm can produce two products together for a lower total cost than two firms could produce those same products separately, one at each firm.

• A)scale.
• B)scope.
• C)efficiency.
• D)output.

---

Definitions:

Heart Disease

A range of conditions that affect the heart, including blood vessel diseases, coronary artery disease, heart rhythm problems, and others.

Fall Frost

A climatic event signifying the end of the growing season when temperatures drop low enough to freeze the surface layer of the ground, often affecting agricultural productivity.

Vitamin C Tablets

Chewable or swallowable dietary supplements that provide vitamin C, an essential nutrient that supports various bodily functions.

Orange Crop

The orange crop refers to the total yield of oranges produced in a given area within a specific time frame, significant for economies dependent on agriculture and fruit exports.