Question

A company's average faed cont Digital Resources for Principles o Smartword + X X X X G italwwnorton.com/42139 12% jtle 11/08/19 1st attempt. A company's average fixed cost, average variable cost, average total cost, and marginal cost curves are shown. A vertical line currently indicates an output of 30 units. Move the vertical line left or right to indicate the efficient scale. To refer to the graphing tutorial for this question type, please click here Cost 25 7 45 <03/20> esUBMIT ANSWE 2OF 20-OUESTIONS.COMPETED o5 Mster pause bregk pt sc sysra bocksc & 9 . 0 8 7 6 5 4 2 P - U. Y W E L a K 2 н F D S A MO B V Z ctr alt alt G T 3

Answer 1

Minimum efficient scale of production is when MC=ATC.

mC CasE ATC AVC AFC 12 S scale MC ATC

Efficient quantity=112.5