If the Minimum Efficient Scale in Woodstove Production Is 200,000

question 49

Multiple Choice

If the minimum efficient scale in woodstove production is 200,000 units per year, _____.​

• A)the long-run average cost of producing 50,000 stoves is greater than the average cost of producing 100,000
• B)the long-run average cost of producing 50,000 stoves is equal to the average cost of producing 100,000
• C)the long-run total cost of producing 50,000 stoves is greater than the total cost of producing 100,000
• D)the firm should not produce more than 200,000 woodstoves each year
• E)the short-run marginal cost exceeds the short-run average cost at 200,000 stoves

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