Add your answer and earn points. o In Figure 16.4(a) – Lucky Brand makes zero economic profit in the long run where the ATC curve is downward sloping. could not produce any more of one good without sacrificing production of another good and without improving the production technology. Refer to Figure 13-7. Can you explain this answer? Can you explain this answer? a. Entities seek to optimize production levels to achieve efficient economies of scale which helps to lower per-unit costs and increase per-unit returns. c. produces at the efficient scale. The efficient scale of production occurs at which quantity? The efficient scale of production is the quantity of output that minimizes the average total cost. c.produces at the efficient scale. You can specify conditions of storing and accessing cookies in your browser. Mcq Added by: Adden wafa. Refer to Figure 13-8. This preview shows page 3 out of 3 pages. are solved by group of students and teacher of CA Foundation, which is also the largest student | EduRev CA Foundation Question is disucussed on EduRev Study Group by 188 CA Foundation Students. Step by Step Guide for CA CPT. Refer to Figure 13-8. A. average fixed cost B. average total cost C. average variable cost D. marginal cost. . Which of the following is an … 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. 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'. d. 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 ? 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.) Efficient scale of production occurs at which quantity 1 See answer Avisharma2035 is waiting for your help. At what quantity is minimum efficient scale? Can you explain this answer? Apart from being the largest CA Foundation community, EduRev has the largest solved Can you explain this answer? Step by Step Guide for CA CPT, How to prepare for Fundamentals of Accounting for CA CPT? The efficient scale of production is the quantity of output that minimizes the ___ . The efficient scale of production occurs at which quantity? The efficient scale of the firm is the quantity of output that, This textbook can be purchased at www.amazon.com. Introducing Textbook Solutions. Course Hero is not sponsored or endorsed by any college or university. Correct answer is option 'B'. Economies of scale occur when MCAC; and minimum efficient scale occurs where MC=AC (if MC is increasing at that point). Quantity C represents the output level where the firm, Quantity B represents the output level where the firm, 157. b. minimizes total costs. over here on EduRev! Efficient scale of production occurs at which quantity, what is the role of govermance in new public management ​, Explain some of the unique characteristics of sole proprietorship business.​, What is the slope of demand curve alike?​, Who will mark me as brainliest and thank my answers I will di same If i will not report all my answers, what system is used to make decision by gathering and analyzing information in its primary form​, as per indian companies act 2013 restrictions director is defiend is defirnd section no.​, Who will mark and thank my answers then and there I will do same If I wont do please report my all answers, .You are appointed as a CEO of a leading manufacturing company having many branches across the country. Can you explain this answer? Get step-by-step explanations, verified by experts. 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'. Course Hero, Inc. range does it exhibit diseconomies of scale? You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like The efficient scale of production occurs at which quantity? Production Efficiency and the Service Industry   Privacy agree to the. Quantity C represents the output level where the firm a. maximizes profits. Avisharma2035 is waiting for your help. 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'. Add your answer and earn points. B c. C d. D ANS: C DIF: 2 REF: 13-3 NAT: Analytic LOC: Costs of production TOP: Efficient scale MSC: Analytical 155. EduRev is a knowledge-sharing community that depends on everyone being able to pitch in when they know something. National Institute of Fashion Technology, Bangalore, National Institute of Fashion Technology, Bangalore • MFM 101, Georgia Institute Of Technology • ECON 2101, Copyright © 2020. For a limited time, find answers and explanations to over 1.2 million textbook exercises for FREE! soon. Efficient water utilization practices - Dry Farming Principles and Practices, Crop Production, Business Mathematics and Logical Reasoning & Statistics, Mock Tests & Past Year Papers for CA Foundation, CA CPT - Mock Test Series and Previous Year Question Papers, CA CPT 2019: Important Dates [Official], Application, Eligibility, Syllabus, Exam Pattern, How to prepare for Economics for CA CPT? 163. Step by Step Guide for CA CPT, How to prepare for Quantitative Aptitude for CA CPT? Quantity C represents the output level where the firm a.maximizes profits. d.minimizes marginal costs. Genelia1 Genelia1 Efficient scale of production occurs New questions in Business Studies.   Terms. Explain the steps which you can take to ensure is done on EduRev Study Group by CA Foundation Students. 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. This site is using cookies under cookie policy. Question bank for CA Foundation. The Questions and Refer to Figure 13 7 The efficient scale of production occurs at which quantity, 7 out of 8 people found this document helpful. b.minimizes total costs. Figure 16.4(b) – shows a firm in perfect competition in the long run has no excess capacity. By continuing, I agree that I am at least 13 years old and have read and Average And Total Cost Average And Total Cost Economics Mcqs. a.A b.B c.C d.D 162. If the answer is not available please wait for a while and a community member will probably answer this community of CA Foundation. 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. …. A b. Step by Step Guide for CA CPT, How to prepare for Mercantile Law for CA CPT?

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