Which of the Following Best Defines "Economies of Scope

question 56

Multiple Choice

Which of the following best defines "economies of scope"?

• A) As output expands the cost of producing a good decreases.
• B) As output expands the cost of producing a unit of a good decreases.
• C) Because firms use specialized resources to produce a range of goods, as the number of products produced increases, the cost of producing a unit decreases.
• D) Costs increase as firms seek to find more consumers.

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Definitions:

Recursive Call

A method or function in computer programming that calls itself within its own definition to solve a problem by breaking it down into smaller, more manageable problems.

Base Case

In recursion, the condition under which a recursive function returns without calling itself, effectively stopping the recursion.

Original Method

The initial or primary implementation of a method before it is overridden or modified by additional functionality.

General Case

A situation or condition that applies broadly, without special considerations or exceptions.