Which curve tells us the output at which a firm is producing at peak efficiency?

Question

Quizplus · Accepted Answer

The curve that tells us the output at which a firm is producing at peak efficiency is the ATC (Average Total Cost) curve. This is because the point where the ATC curve is at its minimum represents the level of output at which a firm is producing at its lowest cost and highest efficiency. This is known as the point of minimum efficient scale. Therefore, the answer is C.

Which Curve Tells Us the Output at Which a Firm