Solved

In the Long Run, a Firm Is Producing at Minimum

Question 104

Multiple Choice

In the long run, a firm is producing at minimum efficient scale when:


A) marginal cost is at its lowest.
B) increasing or decreasing output will increase average total cost.
C) the fixed cost curve is at its lowest point.
D) variable costs equal zero.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents