Refer to the table below. The firm experiences minimum efficient scale at what output level?
Plant sizes get larger as you move from ATC-1 to ATC-4.
A. 2500
B. 3000
C. 3500
D. 4000
C. 3500
You might also like to view...
Which antitrust law is sometimes called the "Chain Store Act"?
A) Sherman Act B) Clayton Act C) Robinson-Patman Act D) Federal Trade Act
All other things being equal, an increase in the supply of labor will lead to a fall in the wage
a. True b. False Indicate whether the statement is true or false
When the marginal cost is higher than the average total cost,
A. the average fixed cost must exceed the average variable cost. B. the average variable cost must also be higher than the average total cost. C. the higher additional value causes the average to rise. D. the higher additional value causes the average to fall.
A financial institution that accepts deposits and makes loans is generally referred to as a(n)
A) central bank. B) commercial bank. C) monetary authority. D) investment bank.