-In the above figure, the minimum efficient scale of output is
A) 5,000 pounds of coffee.
B) 10,000 pounds of coffee.
C) 13,000 pounds of coffee.
D) 15,000 pounds of coffee.

Question

-In the above figure, the minimum efficient scale of output is
A) 5,000 pounds of coffee. 
B) 10,000 pounds of coffee. 
C) 13,000 pounds of coffee. 
D) 15,000 pounds of coffee.

Quizplus · Accepted Answer

The minimum efficient scale of output is the level of production at which long-run average costs are minimized. In this context, it is 10,000 pounds of coffee.

-In the Above Figure, the Minimum Efficient Scale of Output