All of the Following Statements Are True of the Minimum

question 29

Multiple Choice

All of the following statements are true of the minimum efficient scale except one. Which one?

• A) All possible economies of scale have been exhausted.
• B) The short-run average total cost curve's minimum point is equal to the long-run average cost curve's minimum point.
• C) Any increase in the scale of operation will encounter diseconomies of scale.
• D) An increase in the output level will increase profit.

---

Definitions:

Organized Strategy

A systematically planned approach to achieve predetermined goals, focusing on order and structure.

Economic Appeal

A persuasive strategy focusing on the financial benefits or cost-saving aspects of a proposition to win support or influence decisions.

Opt Out

The choice to not participate or withdraw from something, such as a subscription, service, or activity.

Tweets

Short messages or posts made on the social media platform Twitter, limited to 280 characters or less.