The Minimum Efficient Scale Is

question 179

Multiple Choice

The minimum efficient scale is

• A)the level of output where diminishing returns have not set in yet.
• B)the plant size that yields the most profit.
• C)the smallest level of operation where long-run average costs are lowest.
• D)the smallest output level where the firm finally reaches productive efficiency.

Develop an understanding of how to create a detailed work plan and its critical elements.

Understand the principles and importance of credibility in persuasive communication.

Identify the effective main idea in persuasive messages.

Recognize different types of messages and their purposes, particularly persuasive messages.

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Definitions:

Monetary Item

Financial assets and liabilities which are to be received or paid in fixed or determinable amounts of money.

Closing Rate

The exchange rate of one currency to another at the end of a trading session in the foreign exchange market.

Spot Exchange Rate

The current market price at which one currency can be exchanged for another currency.

Spot Exchange Rate

The spot exchange rate is the current exchange rate at which a currency can be bought or sold for immediate delivery.