Greatest minimum efficient scale, Business Economics

Assignment Help:

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?


Related Discussions:- Greatest minimum efficient scale

How micro or microfinance credit assists in financial market, How is Micro ...

How is Micro or Microfinance credit assists in financial markets? Micro or Microfinance credit assists: • Grow businesses and raise the income of the poor • Extra income

Regional products integration in retail stores, How do i come up with a pro...

How do i come up with a project based on the above topic

How does the exchange rate influence the benefits of trade, How does the ex...

How does the exchange rate influence the benefits of trade? Mutually beneficial international trade arises specified the exchange ratios lie among the internal opportunity cost

Demand and supply, discuss the concept of demand for the products that are...

discuss the concept of demand for the products that are being consumed by the different consumers

Create the scatter graph, Create the scatter graph of the monthly return on...

Create the scatter graph of the monthly return on your corporation (on the vertical axis) versus the monthly return on the S&P 500 (on the horizontal axis)--so there should be 60 d

What are the major problems in measuring national income, What are the majo...

What are the major problems in measuring national income? The major problems in measuring national income: a. Unreliable statistics data collection is costly and the figu

Statistical analysis of data, Q1 An important first step to the statistical...

Q1 An important first step to the statistical analysis of data is to "get to know your data".  The following tasks should contribute to this. (a)   To the right of the dataset c

Eco paper, discuss whether indian consumer goods industry is growing at the...

discuss whether indian consumer goods industry is growing at the cost of future profitability

Why does economic development engage structural change, Why does economic d...

Why does economic development engage structural change? The process of development needs structural change. Usually economies develop by moving resources through agricultural

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd