The Level of Output at Which All Economies of Scale

question 301

Multiple Choice

The level of output at which all economies of scale have been exhausted is known as

• A)constant returns to scale.
• B)minimum efficient scale.
• C)the economically efficient output level.
• D)optimal economic size.

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Definitions:

King of Spades

A playing card in a standard deck of 52 cards, recognized by the imagery of a king and the spades suit.

Total Count

The absolute sum or quantity of units or individuals measured or observed in a set.

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The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

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