Economies of Scope

question 44

Multiple Choice

Economies of scope

• A) are related to the average cost of producing a good when you double the scale of output.
• B) are higher the more specialized a firm is in production.
• C) means the rotation of the long-run total cost curve in a downward direction.
• D) are a production characteristic in which the total cost of producing given quantities of two goods in the same firm is less than the total cost of producing those quantities in two single-product firm.