Greatest minimum efficient scale, Business Economics

The values for the long-run ATC curves of three different firms are listed in the table below:

Quantity

ATC 1

ATC 2

ATC 3

5

10

7

12

10

8

6

9

15

7

5

7

20

6

6

6

25

6

7

5

30

6

9

4

35

7

13

6

40

8

17

9

(a) Which firm faces the lowest minimum ATC?

(b) Which firm has the greatest minimum efficient scale?

(c) Which firm has the smallest economies of scale?

Posted Date: 3/16/2013 3:24:45 AM | Location : United States







Related Discussions:- Greatest minimum efficient scale, Assignment Help, Ask Question on Greatest minimum efficient scale, Get Answer, Expert's Help, Greatest minimum efficient scale Discussions

Write discussion on Greatest minimum efficient scale
Your posts are moderated
Related Questions
micro and macro economicsapplied to business environment

Explain the essential distinction among the stages of growth theory of development, the theory of international-dependence in both its neo-marxist and false paradigm conceptualizat

Why do state approaches work into promoting development? State planning and intervention is desirable due to the shortcomings of markets. The approaches range of state through

Question 1 Explain the Orthodox and Liberal perspective of political theory Question 2 Critically analyse the institutional approach in comparative political analysis

• Although the country produced several types of commodities (goods and services) in the year 2002, but this country's Central Statistics Office has grouped such commodities into f

how the concept of elasticity used for decision making

What would primary markets look like in absence of secondary markets?

How is the equality of income distribution measured? The Gini coefficient is a statistical type measure of income distribution. This Gini coefficient is: • 0, which impl

Ask ques Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. For example following can be some of the useful topics: - Austr

What is an alternative process strategy to the assembly line that Wheeled Coach currently uses?