The Minimum Efficient Scale Is

question 166

Multiple Choice

The minimum efficient scale is

• A) the quantity after which it makes no sense for a firm to produce.
• B) the minimum quantity where a firm would be able to produce profitably.
• C) the output level beyond which the firm will not experience scale economies.
• D) the output level beyond which the firm will experience scale economies.

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Definitions:

Aphasia

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Facial Features

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Distinctive Facial

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Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives, such as fear, pleasure, and survival instincts.