The Lowest Rate of Output Per Unit of Time at Which

question 46

Multiple Choice

The lowest rate of output per unit of time at which long-run average costs for a particular firm are at a minimum is

• A) economies of scale.
• B) diseconomies of scale.
• C) constant returns of scale.
• D) minimum efficient scale.

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Definitions:

Withholding Allowances

Amounts used to calculate how much income tax an employer should withhold from an employee's paycheck, based on the employee's personal situation.

Federal Unemployment Tax

A tax paid by employers to fund the federal government's oversight of the state unemployment insurance programs.

Copy A

This term is often associated with tax forms, where Copy A is the official part of a form sent to a tax authority, like the IRS, detailing financial information.

Form W-2

A tax form used in the United States to report wages paid to employees and the taxes withheld from them.