Multiple Choice
Ray's Radios believed the synergies between radio production and battery production could be realized if he expanded.However,due to overseeing the battery expansion Ray devoted less time to the radio business leading to the radio unit costs increasing.Ray's Radios is experiencing
A) Economies of scale
B) Economies of scope
C) Diseconomies of scale
D) Diseconomies of scope
Correct Answer:
Verified
Correct Answer:
Verified
Q25: A firewood supplier has a very seasonal
Q26: Eddys' Electronics found that instead of producing
Q27: You would expect that your firm is
Q28: As a table manufacturing company produces more
Q29: A rising average cost implies that<br>A)marginal cost
Q31: Average costs _initially due to the presence
Q32: The term "bottleneck" refers to<br>A)when increasing amounts
Q33: Diminishing marginal productivity implies<br>A)decreasing marginal costs<br>B)increasing marginal
Q34: Once marginal costs rise above the average
Q35: What are economies of scope?<br>A)lower average costs