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:

Reddish Breccia

A coarsely grained rock composed of angular fragments embedded in a finer-grained matrix, characterized by a red coloration.

Sedimentary Deposits

Layers of material, such as sand, silt, and clay, laid down by water or wind and often containing fossils.

Platinum

The native metallic element (Pt) and metal alloys that contain it.

Sedimentary Resource

Natural resources, such as coal or oil, originating from the accumulation and lithification of sediment.