The Figure Below Shows a Family of Cost Curves for a Firm.The

question 30

Multiple Choice

The figure below shows a family of cost curves for a firm.The subscripts 1,2,and 3 for the SRATC curves refer to different plant sizes.
FIGURE 8-3
-Refer to Figure 8-3.The minimum efficient scale is achieved by this firm at output level

• A)Q1.
• B)Q2.
• C)Q3.
• D)Q4.
• E)Q5.

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