Minimum Efficient Scale Is Defined as the Level of Output

question 310

Multiple Choice

Minimum efficient scale is defined as the level of output at which

• A)all economies of scale are exhausted.
• B)diminishing returns affect average total cost.
• C)the firm's long-run average total cost starts falling.
• D)the maximum output is produced.

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Definitions:

Dendrites

Branch-like extensions of neurons that receive signals from other neurons or sensory inputs.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse, from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Myelinization

The process of forming a myelin sheath around the axons of neurons, which increases the speed at which electrical impulses propagate along the nerve cells.

Synapse

The junction between two neurons or a neuron and a muscle where information is transmitted from one to the other.