What Is the Minimum Efficient Scale (MES)of Production

question 28

Multiple Choice

What is the minimum efficient scale (MES) of production?

• A)The point on an average cost curve where the cost per unit begins to decline more rapidly
• B)The minimum point on a U-shaped average cost curve
• C)The minimum level of production at a plant for it to be considered profitable
• D)The level of production for a small sized plant
• E)The threshold at which capacity is constraining for a firm's production

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Definitions:

Shared Threat

A situation in which a group of individuals or entities face a common danger, which can lead to increased cohesion and cooperation.

Intergroup Cooperation

Collaboration and teamwork between different groups or social categories in pursuit of a mutual goal.

Mortality Salience

The awareness by individuals that their death is inevitable, which can influence behaviors and attitudes.

Sexism-related Words

Language or terms that perpetuate stereotypes or discrimination based on a person's sex or gender.