At any output of both 100 units and 120 units,unit costs are the same.Unit costs are higher at output levels lower than 100 units and at output levels higher than 120 units.It follows that minimum efficient scale exists
A) somewhere between 100 and 120 units.
B) at 100 units.
C) at 120 units.
D) below 100 units.
E) above 100 units.
Correct Answer:
Verified
Q170: When a firm is experiencing constant returns
Q174: The average-marginal rule states:
A) when the marginal
Q177: Unit cost refers to
A)average variable cost.
B)average fixed
Q177: Which of the following will not change
Q179: Which of the following is true?
A) At
Q180: The reason marginal cost is equal to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents