What is miimum effcient scae Mirimum efcient scale is OA e level of output at which a fim begins to experience economies of scale OB he level of ouput et which the long un average cost of production begina to decine Oc. elevel of ouput at which the long nun average cost of production ne longer decreases with output OD. e level of output at which al diseconomies of scale are eshausted. OE level of oupt shich the marginal cost of production reaches a minimum
What is miimum effcient scae Mirimum efcient scale is OA e level of output at which a fim begins to experience economies of scale OB he level of ouput et which the long un average cost of production begina to decine Oc. elevel of ouput at which the long nun average cost of production ne longer decreases with output OD. e level of output at which al diseconomies of scale are eshausted. OE level of oupt shich the marginal cost of production reaches a minimum
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 21P
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