Q114
The optimum point is an _________ size of a firm.
A.
Ideal
AnswerB.
Average
C.
Over
D.
Extra
Answer: Option A
Solution
Answer: Option A
Solution:
The optimum point is an Ideal size of a firm. The optimum firm refers to the best or ideal size of the firm. More specifically optimum or best firm is considered as one that has set up a plant with lowest possible cost and is also operating it at its lowest average cost point.