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:

Dishonored

Pertains to a financial instrument, such as a check or bill of exchange, that has been presented for payment and rejected.

Regulation CC

refers to a federal regulation in the United States encompassing the Expedited Funds Availability Act, dictating how quickly banks must make deposited funds available.

Provisional

Temporary or conditional, pending final confirmation or establishment.

Paycheck

A document issued by an employer to an employee to pay for services rendered, typically detailing the amount and deductions.