The Minimum Efficient Scale Is

question 37

Multiple Choice

The minimum efficient scale is:

• A)the level of output at which average cost per unit is smallest.
• B)the scale of operations at which marginal cost is minimized.
• C)the scale of operations at which average fixed cost per unit is minimized.
• D)the level of output at which total cost is minimized.

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Definitions:

Flagellated Cells

Cells that possess one or more whip-like structures called flagella, used for movement or sensing the environment.

Ascomycota

A phylum within the kingdom Fungi, characterized by the formation of spores in specialized sacs called asci, including many molds, yeasts, and morels.

Basidiomycota

A division of fungi characterized by producing spores on basidia, including mushrooms and toadstools.

Rhizopus

A genus of mold fungi that are often found on decaying fruit and bread, known for causing black mold.