The Minimum Efficient Scale Is the Output at Which the Long-Run

question 64

True/False

The minimum efficient scale is the output at which the long-run average cost curve becomes horizontal.

---

Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and finance operations.

Foreign Subsidiary

A company that is owned or controlled by another company, located in a country different from the parent company.

Sales

The total revenue earned from goods sold or services provided over a certain period of time.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and economics.