The Minimum Efficient Scale of a Firm

question 157

Multiple Choice

The minimum efficient scale of a firm

• A)is realized somewhere in the range of diseconomies of scale.
• B)occurs where marginal product becomes zero.
• C)is in the middle of the range of constant returns to scale.
• D)is the smallest level of output at which long-run average total cost is minimized.

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Definitions:

Human DNA Fragments

Short sequences or pieces of human deoxyribonucleic acid (DNA) that result from breaking the molecule into smaller components.

Plasmids

Small, circular, double-stranded DNA molecules found in bacteria and some other organisms, capable of independent replication and often used in genetic engineering.

Polymerase Chain Reaction

A laboratory technique used to amplify DNA sequences, making millions of copies of a specific DNA segment.

DNA Strands

The linear components of DNA, consisting of a chain of nucleotides that store genetic information, with DNA typically existing as a double-stranded helix.