The Output Level at Which a Firm's Long-Run Average Total

question 135

Multiple Choice

The output level at which a firm's long-run average total cost is minimized is known as its

• A)profit-maximizing output level
• B)long-run marginal cost
• C)minimum efficient scale
• D)revenue maximization level
• E)equilibrium cost structure

---

Definitions:

Yea-Saying

A response bias wherein participants in a study agree or say 'yes' to questions regardless of their actual opinion.

Nay-Saying

A response bias in survey research where participants consistently disagree or respond negatively to questions.

Negatively Worded

Refers to items or statements framed in a manner that uses negative expressions, often used in surveys or assessments to check consistency of responses.

Archival Study

A research method in which the researcher examines existing records or databases to find answers to research questions.