What is miimum effcient scae Mirimum efcient scale is OA e level of output at which a fim begins to experience economies of scale OB he level of ouput et which the long un average cost of production begina to decine Oc. elevel of ouput at which the long nun average cost of production ne longer decreases with output OD. e level of output at which al diseconomies of scale are eshausted. OE level of oupt shich the marginal cost of production reaches a minimum

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
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What is minimum efficient scale?
Minimum effcient scale is
OA he level of output at which a fim begins to axperience economies of scale.
OB. the level of oulput at which the long-nun average cost of production begins to decline.
Oc. the level of output at which the long-run average cost of production no longer decreases with output.
OD. he level of output at which all diseconomies of scale are exhausted.
OE. he level of output at which the marginal cost of production reaches a minimum
Transcribed Image Text:What is minimum efficient scale? Minimum effcient scale is OA he level of output at which a fim begins to axperience economies of scale. OB. the level of oulput at which the long-nun average cost of production begins to decline. Oc. the level of output at which the long-run average cost of production no longer decreases with output. OD. he level of output at which all diseconomies of scale are exhausted. OE. he level of output at which the marginal cost of production reaches a minimum
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