When a Plant Is Operating at the Level of Output

question 116

Multiple Choice

When a plant is operating at the level of output where its short-run average total cost is at its minimum,

• A)average fixed cost is at a minimum.
• B)marginal cost is at a minimum.
• C)average variable cost is at a minimum.
• D)the plant is operating at its capacity.
• E)more of the variable factor of production should be employed.

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Definitions:

Racemic Mixture

A mixture containing equal amounts of left- and right-handed enantiomers of a chiral molecule, making it optically inactive.

Enantiomer

One of a pair of molecules that are mirror images of each other and cannot be superimposed, often possessing different biological activities.

Polarimetry Tube

A laboratory device used to measure the rotation of polarized light as it passes through optically active substances.

Specific Rotation

A physical property of chiral compounds, describing the direction and magnitude of rotation of plane-polarized light by a substance.