Production Units Have an Optimal Rate of Output Where

question 52

Multiple Choice

Production units have an optimal rate of output where:

• A)total costs are minimum.
• B)unit costs are minimum.
• C)marginal costs are minimum.
• D)rate of output is maximum.
• E)total revenue is maximum.

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Definitions:

Legitimating

The process of making something acceptable, valid, or legal, generally through formal approval or authentication.

Office Rules

Guidelines or regulations established to ensure smooth and efficient operations within an office or organization.

Policies

are formal guidelines or rules established by organizations, governments, or institutions to influence decisions and actions.

Core Tactics

Core tactics are the fundamental strategies or methods employed to achieve specific objectives or goals, often foundational to the success of an operation or campaign.