Figure 13-5
-Refer to Figure 13-5. The efficient scale of production occurs at which quantity?
A)A
B)B
C)C

Name: Figure 13-5 -Refer to Figure 13-5. The efficient scale of production occurs at which quantity? A)A B)B C)C
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Question

Figure 13-5 
-Refer to Figure 13-5. The efficient scale of production occurs at which quantity?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

The efficient scale of production is the quantity of output at which average total cost is minimized. In the given options, point C represents the quantity at which the average total cost curve reaches its lowest point, indicating the efficient scale of production.

Figure 13-5 -Refer to Figure 13-5. the Efficient Scale of Production Occurs