A fiRm Is Productively Efficient in the Long Run If

question 93

Multiple Choice

A firm is productively efficient in the long run if _____.

• A) its marginal cost equals marginal revenue
• B) its minimum average variable cost and minimum average total cost curves coincide
• C) its minimum average fixed cost and minimum average total cost curves coincide
• D) it produces output at the level where average total cost is minimum

---

Definitions:

Employee

An employee is an individual who works part-time or full-time under a contract of employment, whether oral or written, express or implied, and has recognized rights and duties.

Commingle

To mix or blend funds or assets from different sources, often in a way that makes them indistinguishable.

Personal Funds

Money owned by an individual that is not tied to any business, investment, or other financial obligations, typically used for personal expenses or savings.

Sells House

The act of transferring ownership of a residential property from one party to another, typically through a sale.