If the Minimum Efficient Scale in Toaster Production Is 500,000

question 29

Multiple Choice

If the minimum efficient scale in toaster production is 500,000 units per year,_____

• A)the average cost of producing 300,000 toasters is greater than the average cost of producing 500,000 toasters.
• B)the average cost of producing 200,000 toasters is less than the average cost of producing 500,000 toasters.
• C)the average cost of producing 300,000 toasters is less than the average cost of producing 500,000 toasters.
• D)the average cost of producing 300,000 toasters is the same as the average cost of producing 500,000 toasters.
• E)the average cost of producing 500,000 toasters is zero.

---

Definitions:

Genome

The complete set of genes or genetic material present in a cell or organism.

Chromosome Set

A complete set of chromosomes from a cell that contains all genetic information necessary for an organism of a certain species.

C. Elegans

A species of nematode worm, Caenorhabditis elegans, widely used as a model organism in genetics and developmental biology.

DNA Subunits

The basic building blocks of DNA, consisting of a phosphate group, a sugar molecule (deoxyribose), and one of four nitrogenous bases: adenine, thymine, cytosine, or guanine.