Which of the Following Is Clearly a Case in Which

question 176

Multiple Choice

Which of the following is clearly a case in which coercion occurs but Jones is responsible?

• A) Jones is threatened and is stampeded by the threat
• B) Jones is threatened but it exerts no effective force on him
• C) Jones is threatened, is impressed by the threat, but nevertheless performs the action willingly
• D) None of the above

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Definitions:

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.

Diseconomies of Scope

The phenomenon where a company’s costs increase as it produces more varied types of products or services, due to inefficiencies.

Returns to Scale

The rate at which output increases as inputs are increased proportionately.