Economies of Scope Refers to The

question 32

Multiple Choice

Economies of scope refers to the:

• A)fall in an FI's average costs of production as its output increases
• B)increase in an FI's average costs of production as its output increases
• C)situation in which the costs of joint production of FI services are higher than they would be if they were produced independently
• D)ability of an FI to generate synergistic cost savings through joint use of inputs in producing multiple outputs

---

Definitions:

Range

The difference between the highest and lowest values in a data set, showing the spread or dispersion of the data points.

Subtract

To subtract means to take away one quantity from another, resulting in the difference between the two values.

Highest Score

Represents the largest value or most significant achievement within a set of numerical data or performance metrics.

Lowest Score

Refers to the smallest value or number in a data set.