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Economics
About this Free Flashcard Deck
Last update by
jillianprice08
on 11/03/2009
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Economics
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Flashcard Deck Tags
Chapter 10
,
Economics
Flashcard Review
21
minimum efficient level of production
22
monitoring costs
23
team spirit
24
technical efficiency
25
technological change
26
economies of scale explain why ...
27
economies of scale
28
learning by doing and increases in ...
29
What are economies and diseconomies of ...
30
Discuss some of the problems of using ...
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Free Flashcard From Economics
Question:
minimum efficient level of production
Answer:
the level of production run that spreads out setup costs suffieciently for a firm to undertake production profitably