The Minimum Efficient Scale of a Firm Is the

question 146

Multiple Choice

The minimum efficient scale of a firm is the

• A)largest scale of production for which the marginal cost is at a minimum.
• B)largest scale of production for which the long-run average total cost is at a minimum.
• C)largest scale of production for which the long-run average variable cost is at a minimum.
• D)smallest scale of production for which the long-run average total cost is at a minimum.
• E)smallest scale of production for which the long-run average variable cost is at a minimum.

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Definitions:

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, typically measured in the arteries.

Pulmonary Trunk

The major blood vessel which splits into the left and right pulmonary arteries, carrying deoxygenated blood from the heart to the lungs.

Pulmonary Arteries

Blood vessels that carry blood from the heart to the lungs for oxygenation.