If the Minimum Efficient Scale in Toaster Production Is 500

question 131

Multiple Choice

If the minimum efficient scale in toaster production is 500, 000 units per year,

• A)the average cost of producing 300, 000 toasters is greater than the average cost of producing 500, 000
• B)the average cost of producing 300, 000 toasters is equal to the average cost of producing 500, 000
• C)the total cost of producing 300, 000 toasters is greater than the total cost of producing 500, 000
• D)the firm should not produce more than 500, 000 toasters
• E)MC exceeds AC at 500, 000 toasters

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Definitions:

Nonverbal Communication

The process of conveying a message without the use of words, including facial expressions, gestures, and body language.

Linear Time

A concept of time as a continuous, sequential progression where events occur in a fixed, irreversible order from past through present to future.

Space Language

Non-verbal communication elements that involve the physical distance and environment between communicators.

Nonverbal Communication

The process of conveying a message without the use of words, through body language, facial expressions, gestures, posture, and tone of voice.