The efficient scale of a firm is defined as the point where A) ...

[theo]

The efficient scale of a firm is defined as the point where
 
  A) average total cost is minimized.
  B) marginal revenue equals marginal cost.
  C) price equals marginal cost.
  D) marginal revenue equals zero.

Question 2

If an indifference curve is a straight line it will not show which of the following?
 
  A) any marginal rate of substitution
  B) diminishing marginal rate of substitution
  C) combinations of goods among which a consumer is indifferent
  D) None of the above answers is correct.

[TheNamesImani]

Answer to Question 1

A

Answer to Question 2

B