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:

Managing by Objectives

A management strategy in which goals are defined for employees to achieve, guiding their performance and progression.

Setting Work Goals

The process of establishing objectives or targets to be achieved in a professional context, often to improve performance or productivity.

Choosing Career

The process of deciding on a path in the professional world that aligns with one's interests, skills, and goals.

Scripting Employment Interviews

Scripting Employment Interviews involves preparing a standardized set of questions and a structured interview process to assess job applicants consistently and fairly.