The Minimum Efficient Scale Is

question 14

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 level of operation where long-run average costs are lowest.
• D)the smallest output level where the firm finally reaches productive efficiency.

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Definitions:

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation.

Regular Exercise

Routine physical activity intended to improve or maintain physical fitness and overall health.

Sternocleidomastoid

A prominent neck muscle that extends diagonally across the side of the neck, involved in the rotation and flexion of the head.

Forced Inspiration

The process of taking air into the lungs with the use of accessory respiratory muscles, in addition to the primary muscles, usually under conditions of high demand or respiratory distress.