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Question
Table 11-8| Quantity (sets) | Long Run Average Cost |
| 100 | $40 |
| 200 | 35 |
| 300 | 30 |
| 400 | 30 |
| 500 | 35 |
Elegant Settings manufactures stainless steel cutlery. Table 11-8 shows the company's cost data.
Refer to Table 11-8. What is the minimum efficient scale of production?
A) 100 units
B) 200 units
C) 300 units
D) 400 units
Answer
This answer is hidden. It contains 1 characters.
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