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:

Mobile App

A software application developed specifically for use on small, wireless computing devices such as smartphones and tablets.

Email Program

Software that enables users to send, receive, and organize electronic mail messages.

Web App

An application program that is stored on a remote server and delivered over the Internet through a browser interface.

Password Manager

A software application that helps users store and manage their passwords, usually encrypted for security purposes.