Where Would We Find a Firm's Minimum Efficient Scale of Production

question 145

Multiple Choice

Where would we find a firm's minimum efficient scale of production?

• A) at the lowest point on its long-run average total cost curve
• B) at the highest point on its long-run average total cost curve
• C) in the middle of its long-run average total cost curve
• D) at the highest point on its long-run average fixed cost curve
• E) in the middle of its long-run average variable cost curve

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Definitions:

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