Minimum efficient scale

 

 

 

Minimum efficient scale

 

Glossary of business

 

Definition of minimum efficient scale

 

The minimum efficient plant size is smallest size of plant needed to minimise unit cost. It is the lowest output level at which average cost can be minimised.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

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Terminology about business

 

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Definition and meaning of minimum efficient scale

 

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Meaning of minimum efficient scale

 

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What does minimum efficient scale mean ?

 

 

 

 

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