The Figure Below Shows the Long-Run Average Cost Curve for a Firm

question 53

Multiple Choice

The figure below shows the long-run average cost curve for a firm. Based on the figure, Point A shows _____.Figure 6-5

• A)the level of output at which the firm breaks even
• B)the level of output at which consumers attain maximum utility
• C)the level of output at which the firm attains its minimum efficient scale
• D)the level of output at which the firm earns zero economic profit​
• E)the level of output at which the marginal utility from consumption begins to diminish

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Definitions:

Separate Processor

An independent processing unit dedicated to a specific task or function within a larger system.

Immediate Input

Input data or signals that are processed as soon as they are received by a system, without delay.

Mask Instruction

A mask instruction in computing or programmable logic controllers (PLCs) is used to selectively enable or disable bits in a word or byte by applying a mask pattern.

Input Scan

One of three parts of the PLC scan. During the input scan, input terminals are read and the input table is updated accordingly.