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Lynna [10]
3 years ago
11

At the minimum efficient​ scale,

Business
1 answer:
mina [271]3 years ago
4 0

Answer:

The correct answer is D. the firm has achieved the lowest possible average cost of production.

Explanation:

The minimum efficient scale is called the value of production for which the average long-term cost is minimal and also coincides with the marginal cost.

On the minimum efficient scale it is said that we are in the smallest possible production in which a long-term competitive company would be interested in producing. Below that value, the company would go into losses and should close.

The curve of long-term average costs is obtained from the envelope of the infinite possible curves of short-term average costs for different plant sizes, that is, for different levels of capital. From this envelope, a U-shaped average cost curve is obtained, at which minimum, precisely, the minimum efficient scale is found.

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3 years ago
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
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Misk Co. purchased the following securities during 2018 to be classified as held-to-maturity securities, trading securities, or
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Answer:

C. III only

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Many consumers correlate price with quality, thinking that the higher the price, the better the quality. For these consumers, al
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