The World's Various Trading Cities During the Abbasid Caliphate, Such

question 11

Multiple Choice

The world's various trading cities during the Abbasid caliphate, such as Córdoba, Madrid, and Baghdad, would best be described as

• A)crime-ridden.
• B)cosmopolitan.
• C)culturally lacking.
• D)religiously divided.
• E)restrictive.

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Definitions:

Economies of Scope

Cost advantages that enterprises obtain due to efficiency improvements gained by producing a wider variety of goods or services.

Joint Cost Function

A cost function that describes the total cost of producing multiple products together, where the costs cannot be separated for each product.

Economies of Scope

Cost advantages that enterprises obtain due to a broad scope of operations or the variety of products and services offered.

Cost Function

A mathematical relation that describes how the total cost of producing a good or service varies with the level of output.