If Producing More Output Has Increases Average Cost Then

question 100

Multiple Choice

If producing more output has increases average cost then

• A) there are diseconomies of scale.
• B) there are economies of scope.
• C) there are diseconomies of scope.
• D) there are no economies of scale.

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Definitions:

Independent Variables

Variables in a study or model that are expected to influence or determine the outcome of the dependent variable(s), manipulated by the experimenter.

Degrees Of Freedom

The number of independent pieces of information in a dataset used in the calculation of a statistic, typically influencing the shape of various distributions.

Observations

Data points or elements collected during an experiment or study which represent individual pieces of information about the phenomena being studied.

Multiple Regression Model

A statistical technique that predicts the outcome of a response variable based on multiple explanatory variables.