Minimum Efficient Scale Is the Level of Output at Which

question 50

Multiple Choice

Minimum efficient scale is the level of output at which

• A)short-run average total cost stops decreasing
• B)short-run average total cost stops increasing
• C)long-run average cost stops decreasing
• D)long-run average cost stops increasing
• E)profit stops increasing

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Definitions:

Routine

A set of customary or fixed practices and habits.

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