A Single-Plant Firm Trying to Select the Rate of Output

question 125

Multiple Choice

A single-plant firm trying to select the rate of output consistent with an overall plant size that yields the minimum efficient scale will choose a rate of output for which

• A) the short-run marginal cost curve crosses the short-run average total cost curve at that rate of output.
• B) the long-run marginal cost curve crosses the long-run average fixed cost curve at that rate of output.
• C) long-run average total cost is lowest at that rate of output.
• D) total fixed cots are minimized at that rate of output.

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Definitions:

Quadriceps Femoris Group

A group of four muscles located in the front of the thigh, responsible for extending the leg at the knee joint.

Gastrocnemius

A major calf muscle that plays a crucial role in walking, running, and jumping.

Myofibril

Specific muscle cell organelle containing a linear arrangement of sarcomeres, which shorten to produce muscle contraction.

Sarcomeres

The basic contractile unit of muscle fiber, consisting of actin and myosin filaments between two Z-lines.