Figure 11-11 Figure 11-11 Illustrates the Long-Run Average Cost Curve for a Average

Multiple Choice

Figure 11-11

Figure 11-11 illustrates the long-run average cost curve for a firm that produces picture frames. The graph also includes short-run average cost curves for three firm sizes: ATCₐ, ATCb and ATCc.
-Refer to Figure 11-11.The minimum efficient scale of output is reached at what rate of output?

A) 10,000 workers
B) 5,000 picture frames
C) 20,000 picture frames
D) 10,000 picture frames