The Minimum Efficient Scale (MES) Is the Output Level That

question 181

Multiple Choice

The minimum efficient scale (MES) is the output level that delivers the ________.

• A) highest possible revenues
• B) lowest possible costs
• C) highest possible net
• D) lowest margin

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Definitions:

Fiscal Policies

Governmental measures related to tax, spending, and borrowing aimed at influencing a country's economy.

Comparative Advantage

The ability of a country, company, or individual to produce a good or service at a lower opportunity cost than competitors.

Proximity

The state of being close or near in space, time, or relationship.

Natural Resources

Naturally occurring materials such as minerals, water, and fertile land that can be used for economic gain.