agree to the. The efficient scale of production is the quantity of output that minimizes the ___ . The efficient scale of production is the quantity of output that minimizes the ___ .a)Average fixed costb)Average total costc)Average variable costd)Marginal CostCorrect answer is option 'B'. d.minimizes marginal costs. are solved by group of students and teacher of CA Foundation, which is also the largest student This preview shows page 3 out of 3 pages. National Institute of Fashion Technology, Bangalore, National Institute of Fashion Technology, Bangalore • MFM 101, Georgia Institute Of Technology • ECON 2101, Copyright © 2020. a.A b.B c.C d.D 162. At what quantity is minimum efficient scale? Can you explain this answer? Add your answer and earn points. This discussion on The efficient scale of production is the quantity of output that minimizes the ___ .a)Average fixed costb)Average total costc)Average variable costd)Marginal CostCorrect answer is option 'B'.   Privacy Can you explain this answer? The minimum efficient scale (MES) is the point on the LRAC (long-run average cost) curve where a business can operate efficiently and productively at the lowest possible unit cost. Get step-by-step explanations, verified by experts. Step by Step Guide for CA CPT, How to prepare for Mercantile Law for CA CPT? Which of the following is an … Refer to Figure 13 7 The efficient scale of production occurs at which quantity, 7 out of 8 people found this document helpful. The efficient scale of the firm is the quantity of output that, This textbook can be purchased at www.amazon.com.   Terms. Course Hero, Inc. Add your answer and earn points. Explain the steps which you can take to ensure Economies of scale occur when MCAC; and minimum efficient scale occurs where MC=AC (if MC is increasing at that point). Mcq Added by: Adden wafa. The efficient scale of production occurs at which quantity? Production Efficiency and the Service Industry c. produces at the efficient scale. Figure 16.4(b) – shows a firm in perfect competition in the long run has no excess capacity. Correct answer is option 'B'. Quantity C represents the output level where the firm, Quantity B represents the output level where the firm, 157. b. minimizes total costs. Apart from being the largest CA Foundation community, EduRev has the largest solved o A firm’s efficient scale is the quantity of production at which ATC is a minimum – the quantity at the bottom of the U-shaped ATC curve. Productive efficiency (or production efficiency) is a situation in which the economy or an economic system (e.g., a firm, a bank, a hospital, an industry, a country, etc.) Entities seek to optimize production levels to achieve efficient economies of scale which helps to lower per-unit costs and increase per-unit returns. Answers of The efficient scale of production is the quantity of output that minimizes the ___ .a)Average fixed costb)Average total costc)Average variable costd)Marginal CostCorrect answer is option 'B'. The efficient scale of production is the quantity of output that minimizes the average total cost. …. The Questions and A b. | EduRev CA Foundation Question is disucussed on EduRev Study Group by 188 CA Foundation Students. Can you explain this answer? b.minimizes total costs. Step by Step Guide for CA CPT. Course Hero is not sponsored or endorsed by any college or university. The minimum efficient scale can also be a range of output for which the company receives constant returns to scale at the lowest unit cost possible. EduRev is a knowledge-sharing community that depends on everyone being able to pitch in when they know something. Nov 25,2020 - The efficient scale of production is the quantity of output that minimizes the ___ .a)Average fixed costb)Average total costc)Average variable costd)Marginal CostCorrect answer is option 'B'. Step by Step Guide for CA CPT, How to prepare for Quantitative Aptitude for CA CPT? c.produces at the efficient scale. If the answer is not available please wait for a while and a community member will probably answer this By continuing, I agree that I am at least 13 years old and have read and Efficient scale of production occurs at which quantity 1 See answer Avisharma2035 is waiting for your help. The efficient scale of production occurs at which quantity? You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like 163. Question bank for CA Foundation. Refer to Figure 13-7. Genelia1 Genelia1 Efficient scale of production occurs New questions in Business Studies. Introducing Textbook Solutions. o In Figure 16.4(a) – Lucky Brand makes zero economic profit in the long run where the ATC curve is downward sloping.

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