When a firm is at its minimum efficient scale of operation, it produces the
a. maximum rate of output at which long-run average cost is minimized.
b. minimum rate of output at which long-run average cost is minimized.
c. maximum rate of output consistent with lowest long-run marginal cost.
d. minimum rate of output consistent with lowest long-run marginal cost?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When a firm is at its minimum efficient scale of operation, it produces the a. maximum rate of output at which long-run average cost is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You are trying to decide whether to take a vacation. Most of the costs of the vacation (airfare, hotel, and forgone wages) are measured in dollars, but Average: / 1 the benefits of the vacation are psychological.
Answers (1)
Two individuals, Lap and Top negotiate for Lap to buy Top's computer. The following exchange takes place: Lap: "I'll buy your computer for $275.00." Top: "That sounds good." Lap: "Great, the USB (flash drive) is included.
Answers (1)
As an innovation consultant, you work with a number of firms. Better Mousetraps builds inexpensive but sophisticated mousetraps.
Answers (1)
The performance of personal and business investments is measured as a percentage, "return on investment." What type of variable is "return on investment" (select one) ? a. Qualitative b. Continuous c. Attribute d. Discrete
Answers (1)
Sheridan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, expenses of $380000, and paid dividends of $141500. What was Sheridan retained earnings at the end of the year? A.
Answers (1)
New Questions in Business
If the consumption function is C = 100 + 0.75Y and planned investment spending is 500 , what will be the equilibrium level of output? Ye = $ nothing. (Enter your response as an integer.)
Answers (1)
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share.
Answers (1)
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)