The most efficient scale of production of a firm is where Options: A . &nbspLAC is minimum B . &nbspSAC is minimum C . &nbspLMC is minimum D . &nbspSMC is minimum

The most efficient scale of production of a firm is where

Question

The most efficient scale of production of a firm is where

Options:

A . LAC is minimum

B . SAC is minimum

C . LMC is minimum

D . SMC is minimum

Answer: Option A

Submit Your Solution Below and Earn Points !

Next Question

Question 1. A firm should shut down in the short run if it is not covering its....

Question 2. Economic problems arise because....

Question 3. Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Fr....know in which year was Francois Quesnay's Tableu Economique published?

Question 4. In the short run, when the output of a firm increases, its average fixed cost....

Question 5. In a typical demand schedule, quantity demanded....

Question 6. When the perfectly competitive firm and industry are in long run equilibrium, then....

Question 7. In monopoly, the relationship between average and marginal revenue curves is as follows....

Question 8. The following are some of the costs of a clothing manufacturer. State which among them will you consider as fixed cost?....State which among them will you consider as fixed cost?

Question 9. The total effect of a price change of a commodity is....

Question 10. Risks in the business arise because of....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0