Minimum Efficient Scale Is

question 16

Multiple Choice

Minimum efficient scale is:

• A)the lowest level of efficiency the firm can achieve.
• B)the highest level of output the firm can achieve.
• C)the lowest level of long-run average cost.
• D)the smallest quantity at which the long-run average cost achieves a minimum.

---

Definitions:

Political Science

The examination of political structures, the functioning of governments, and the conduct related to politics.

Class

A set or category of things having some property or attribute in common and differentiated from others by kind, type, or quality.

Blood Pressure

The force exerted by circulating blood on the walls of the body's arteries, typically measured in millimeters of mercury (mmHg).

Conditional Distribution

The distribution of a random variable subject to the fulfillment of a certain condition or set of conditions.