The Term Minimum Efficient Scale Means

question 68

Multiple Choice

The term minimum efficient scale means:

• A)the output corresponding to the minimum point of the short run average total cost curve.
• B)the total of all efficient points along the long-run average-cost curve.
• C)diseconomies of scale.
• D)the minimum point of the long-run average-cost curve,or the output level at which the cost per unit of output is the lowest.
• E)the maximum point of the long-run average-cost curve,or the output level at which the cost per unit of output is the highest.