Which of the following implies reduced unit costs as the range of products offered increases inputs in producing multiple products?
A)Diseconomies of scale.
B)Economies of scale.
C)Economies of scope.
D)Diseconomies of scope.
E)Constant returns to scale.

Question

Quizplus · Accepted Answer

Economies of scope is the implied concept when the range of products offered increases inputs in producing multiple products. It occurs when a company can produce multiple products at a lower cost than it would if it produced each product separately. This is because the inputs and production processes are shared between the different products, leading to reduced unit costs.

Which of the Following Implies Reduced Unit Costs as the Range