The Efficient Scale of a Firm Is Defined as the Point

question 43

Multiple Choice

The efficient scale of a firm is defined as the point where

• A) marginal revenue equals marginal cost.
• B) marginal revenue equals zero.
• C) average total cost is minimised.
• D) price equals marginal cost.

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Definitions:

Legal Documents

Official papers that record agreements, rights, or responsibilities, often used in legal proceedings.

Paralegal

A legal assistant who performs many legal tasks under the supervision of an attorney.

Sexist Language

Language that discriminates against or stereotypes individuals based on their sex or gender, often by excluding, trivializing, or diminishing one gender.

Gender-neutral Pronoun

A pronoun not specifically associated with a particular gender, used to refer to people in a way that does not indicate gender, such as "they/them."