​What Are Economies of Scope

question 4

Multiple Choice

​What are economies of scope?

• A)​the cost of producing two products jointly by one firm is more than the cost of producing them separately
• B)the cost of producing two products jointly by one firm is lesser than the cost of producing them separately
• C)the cost of producing two products jointly by one firm is equal to the cost of producing them separately
• D)​none of the above

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Definitions:

Thrust Fault

A type of fault where the hanging wall moves up relative to the footwall, often associated with the compression of Earth's crust.

Normal Fault

A type of geological fault where the hanging wall has moved downward relative to the footwall, usually due to extensional forces.

Cleavage

In geology, the tendency of a mineral to break along flat, parallel surfaces determined by its crystal structure.

Hornfels

A hard, fine-grained metamorphic rock formed by the contact metamorphism of clay-rich or silicate rocks.