Minimum Efficient Scale Is

question 16

Multiple Choice

Minimum efficient scale is:

• A)the lowest level of efficiency the firm can achieve.
• B)the highest level of output the firm can achieve.
• C)the lowest level of long-run average cost.
• D)the smallest quantity at which the long-run average cost achieves a minimum.

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Definitions:

Accrual Basis Accounting

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Cash Flow

The total amount of money being transferred into and out of a business, affecting the organization's liquidity.

Fund-Raising Results

The outcomes or achievements of efforts to collect financial resources or donations, often critical for the operation and projects of nonprofit organizations.

Program Results

The outcomes or impacts of a project or program, often used as a measure of its effectiveness.