Diseconomies of Scope Refers to The

question 39

Multiple Choice

Diseconomies 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

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Definitions:

Rooting Reflex

An automatic response seen in newborns, where they turn their head toward any touch on their cheek or mouth, aiding in breastfeeding.

Cheek

The fleshy area located on either side of the face, below the eyes and between the nose and ear.

Neurons

Basic working units of the brain, specialized cells that transmit information to other nerve cells, muscle, or gland cells.

Prenatal Development

is the process of growth and development within the womb from conception to birth.