The minimum efficient scale is the output at which the long-run average cost curve becomes horizontal.
Correct Answer:
Verified
Q191: Recall the Application about the manufacture of
Q192: Explain why some firms may suffer diseconomies
Q193: If the long-run average total cost curve
Q194: A U-shaped long-run average cost curve implies
Q195: What are indivisible inputs and what are
Q197: Recall the Application about the manufacture of
Q198: Can a firm experience diminishing returns in
Q199: Recall the Application about the manufacture of
Q200: A firm scaled down its operation by
Q201: Suppose that the only input used in
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