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.

---

Definitions:

Open Communication

A communication style that promotes transparency and free exchange of information and ideas in an organization or between individuals.

Intimate Space Zone

A concept in proxemics referring to the physical space immediately surrounding an individual, into which entry by others feels uncomfortable or intrusive without a close relationship.

Kinesics

Kinesics is the study of body movements, facial expressions, and gestures as a form of non-verbal communication.

Proxemics

The study of an individual’s perception and use of space.