Figure 10.14 -Refer to Figure 10.14.Economies of scale are exhausted at which output level? A)Q₁ units B)Q₂ units C)Q₃ units D)more than Q₁units

Question

Quizplus · Accepted Answer

At Q₃ units, the cost per unit is at its lowest point, indicating that economies of scale have been fully utilized. Any additional increase in output would result in an increase in the cost per unit, indicating diseconomies of scale.

Figure 10.14 -Refer to Figure 10.14.Economies of Scale Are Exhausted at Which