If the Minimum Efficient Scale in Toaster Production Is 500,000

question 59

Multiple Choice

If the minimum efficient scale in toaster production is 500,000 units per year, _____.​

• A)the average cost of producing 300,000 toasters is greater than the average cost of producing 500,000
• B)the average cost of producing 200,000 toasters is less than the average cost of producing 500,000
• C)the average cost of producing 300,000 toasters is less than the average cost of producing 500,000
• D)the average cost of producing 300,000 toasters is the same as the average cost of producing 500,000
• E)the average cost of producing 500,000 toasters is zero

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Definitions:

Memory Network

A conceptual framework involving the interconnectedness of memory stores and processes that work collaboratively to encode, store, and retrieve information.

Defense Mechanism

Unconscious psychological strategies employed to manage stress, anxiety, or uncomfortable feelings.

Repressed Urges

Desires or impulses that have been pushed into the unconscious because they are considered unacceptable or too painful to acknowledge consciously.

Oedipus Complex

A psychoanalytic theory that describes a child's feelings of desire for the opposite-sex parent and jealousy and competitiveness with the same-sex parent.