16-63 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 occur when producing a wider range of products leads to reduced unit costs due to the sharing of inputs and resources across products. This is different from economies of scale, which refer to reductions in unit costs as the scale of production for a single product increases.

16-63 Which of the Following Implies Reduced Unit Costs as the Range