-The minimum efficient scale for the firm in Figure 11-11
A)is less than Q₁
B)is Q₁
C)is Q₂
D)is Q₃
E)cannot be determined from this graph

Name: -The minimum efficient scale for the firm in Figure 11-11 A)is less than Q₁ B)is Q₁ C)is Q₂ D)is Q₃ E)cannot be determined from this graph
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Question

-The minimum efficient scale for the firm in Figure 11-11
A)is less than Q₁ 
B)is Q₁ 
C)is Q₂ 
D)is Q₃ 
E)cannot be determined from this graph

Quizplus · Accepted Answer

The minimum efficient scale is the lowest level of output at which a firm can minimize long-run average costs. Without the graph, we cannot determine this point.

-The Minimum Efficient Scale for the Firm in Figure 11-11