Economies of Scope Exist When

question 346

Multiple Choice

Economies of scope exist when

• A) the total cost of production falls as the output increases.
• B) a firm hires specialized resources to produce a range of goods and services.
• C) a firm uses outsourcing to produce a good or service.
• D) the cost of producing a unit of a good falls as its output increases.

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Definitions:

Tetanus

Tetanus is a serious bacterial infection characterized by muscle stiffness and spasms, caused by the toxin of the bacterium Clostridium tetani.

Multiple Wave Summation

The phenomenon where muscle force is increased by increasing the frequency of stimulation, leading to a greater degree of overlap in muscle fiber contraction.

Active Sites

Regions on an enzyme where substrates bind and undergo a chemical reaction.

Myosin Myofilaments

Protein filaments that function with actin filaments to produce muscle contraction.