Excess capacity is best described as underused plant resources that are a result of a company generating less output than the minimum average total cost.
What are plant resources?
In business, expression 'plant resources' makes reference to the amount of economically available sources that a company/firm has to carry out their regular tasks.
Regarding costs and benefits, these plant resources can be estimated by taking into account the minimum average total cost.
In conclusion, excess capacity is best described as underused plant resources that are a result of a company generating less output than the minimum average total cost.
Learn more about plant resources here:
https://brainly.com/question/14293417
#SPJ1
