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minimum efficient scale (D2)<br />The level of output of a firm at which the L-shaped AVERAGE cosT curve becomes a plateau of many minimum cost outputs. It is used to show the significance of ECONOMIEs oF scALE, e.g. by seeing the effect on costs of reducing the level of output to half the minimum efficient size or by comparing this level of production with the entire domestic demand for the products of that industry.
Tax Freedom Day (H2)<br />The day in the year when people in effect stop working to pay taxes. This is deter-
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<strong>Department of Higher Education (DHE)</strong> – The Missouri state agency overseeing the state' s higher education systems and related policies and administering student aid programs, including the FFEL Program and state aid programs such as the Bright Flight Scholarship. Also known as the MDHE. The agency' s website may be found at
www.dhe.mo.gov.
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