Figure 13-13

-Refer to Figure 13-13.Economies of scale are exhausted at which output level?
A)Q₁ units
B)Q₂ units
C)Q₃ units
D)more than Q₁ units

Name: Figure 13-13 -Refer to Figure 13-13.Economies of scale are exhausted at which output level? A)Q₁ units B)Q₂ units C)Q₃ units D)more than Q₁ units
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Question

Figure 13-13
 
-Refer to Figure 13-13.Economies of scale are exhausted at which output level?
A)Q₁ units 
B)Q₂ units 
C)Q₃ units 
D)more than Q₁ units

Quizplus · Accepted Answer

Economies of scale are exhausted at the output level where the long-run average cost curve is at its minimum. In Figure 13-13, this occurs at output level Q3.

Figure 13-13 -Refer to Figure 13-13.Economies of Scale Are Exhausted at Which