A Firm's Efficient Scale Is the Quantity at Which ________

question 121

Multiple Choice

A firm's efficient scale is the quantity at which ________ is a minimum. A firm has excess capacity if it produces ________ its efficient scale.

• A)average total cost;below
• B)marginal cost;above
• C)average total cost;above
• D)marginal cost;below
• E)average variable cost;below

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Definitions:

#include Command

The #include command in C and C++ programming languages is used to include the contents of a file or library in another file.

Main() Function

The primary entry point of a program in many programming languages, where execution begins.

Return Statement

A statement in programming that ends the execution of a function and may return a value to the caller of the function.

Syntax

The set of rules that defines the combinations of symbols that are considered to be correctly structured programs or expressions in a programming language.