Elegant Settings manufactures stainless steel cutlery. Table 11-9 shows the company's cost data.
-Refer to Table 11-9. What is the minimum efficient scale of production?

Question

Quizplus · Accepted Answer

The minimum efficient scale (MES) of production is the level of output at which a company can produce its goods or services at the lowest average cost. Without the specific details from Table 11-9, we cannot directly analyze the data. However, given that C is the correct answer, it implies that at 300 units, the company achieves its lowest average cost per unit, indicating the MES.

Elegant Settings Manufactures Stainless Steel Cutlery