-Refer to the above figure.Minimum efficient scale is at output rate
A) $\mathrm { Q } _ { 1 }$ .
B) $\mathrm { Q } _ { 2 }$ .
C) $\mathrm { Q } _ { 3 }$ .
D) $\mathrm { Q } _ { 5 }$ .

Question

-Refer to the above figure.Minimum efficient scale is at output rate
A) $\mathrm { Q } _ { 1 }$ . 
B) $\mathrm { Q } _ { 2 }$ . 
C) $\mathrm { Q } _ { 3 }$ . 
D) $\mathrm { Q } _ { 5 }$ .

Quizplus · Accepted Answer

The minimum efficient scale is the lowest level of output at which a firm can produce at the lowest average cost. This typically occurs at the point where the long-run average cost curve first reaches its minimum, which is at $\mathrm { Q } _ { 2 }$.

-Refer to the Above Figure Q1\mathrm { Q } _ { 1 }Q1​

-Refer to the Above Figure $\mathrm { Q } _ { 1 }$