Minimum efficient scale
A. is the lowest rate of output per unit of time at which long-run average costs reach a minimum for a particular firm.
B. is the point at which diseconomies of scale begin for a particular firm.
C. is the point at which economies of scale begin for a particular firm.
D. applies only to firms with U-shaped long-run average cost curves.
Answer: A
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Suppose the government's initial debt is $425 billion. If for the next three years the government runs deficits of $150, $125, and $200 billion, the government's total debt at the end of the three years will be
A) -$50 billion. B) $50 billion. C) $475 billion. D) $900 billion.
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a. True b. False Indicate whether the statement is true or false
Explain the traditional interest-rate channel for expansionary monetary policy. Explain how a tight monetary policy affects the economy through this channel
What will be an ideal response?
Arrange the following goods from least to most elastic, explaining your ordering: gasoline, Exxon gas, Exxon gas at a particular gas station