-Refer to Figure 7-11

question 102

Multiple Choice

-Refer to Figure 7-11. The minimum efficient scale of output is reached at what rate of output?

• A) 10 000 workers
• B) 5000 picture frames
• C) 20 000 picture frames
• D) 10 000 picture frames

---

Definitions:

Administrative Burdens

The costs and obstacles associated with compliance to legal and regulatory requirements by businesses or individuals.

Corporate Income Tax

A tax imposed on the net income of a corporation, calculated on its net earnings.

Stockholders

Individuals or entities that own shares in a corporation, granting them certain rights and potentially a share in its profits.

Benefits Principle

The idea that people should pay taxes based on the benefits they receive from government services