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    Microeconomics Study Set 30
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    Exam 12: Production and Cost Analysis II
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 58

Question 58

Multiple Choice

Refer to the graph shown. Given the long-run average cost curve, the minimum efficient scale of production is: Refer to the graph shown. Given the long-run average cost curve, the minimum efficient scale of production is:   A)  16. B)  18 to 21. C)  21. D)  23.


A) 16.
B) 18 to 21.
C) 21.
D) 23.

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