The Level of Output at Which All Economies of Scale

question 301

Multiple Choice

The level of output at which all economies of scale have been exhausted is known as

• A)constant returns to scale.
• B)minimum efficient scale.
• C)the economically efficient output level.
• D)optimal economic size.

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Definitions:

Crop Rotation

An agricultural practice of growing different types of crops in the same area in sequential seasons to improve soil health and reduce pests.

Monocultures

The agricultural practice of growing a single species, variety, or breed of plant or animal in a field or farming system at a time.

Barrier Hedges

Rows of dense shrubbery planted to act as windbreaks or to mark boundaries, also potentially reducing soil erosion or serving as wildlife habitat.

Genetic Resistance

The inherent ability of an organism to resist or withstand infection, pest attacks, or herbicides due to its genetic makeup.