Plant Sizes Get Larger as You Move from ATC-1 to ATC-4

question 34

Multiple Choice

Plant sizes get larger as you move from ATC-1 to ATC-4. The firm's minimum efficient scale is at what output level?

• A) 2,500
• B) 3,000
• C) 3,500
• D) 4,000

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Definitions:

Frequency

The number of times an event or occurrence takes place within a specified period or dataset.

Symmetric

Refers to a situation where a distribution or pattern shows equality or uniformity across a central point or axis.

Histogram

A graphical representation of the distribution of numerical data, where the data are binned into ranges and each bin is represented by a bar with its height proportional to the frequency of data points in the bin.

Vertical Line

A line that runs up and down the page, having an undefined slope and typically used to represent the concept of infinity in coordinate geometry.