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Table 8-8 Elegant Settings Manufactures Stainless Steel Cutlery

Question 15

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Table 8-8
 Quantity  (sets)   Long-Run  Average Cost 100$4020035300304003050035\begin{array}{|c|c|}\hline \begin{array}{c}\text { Quantity } \\\text { (sets) }\end{array} & \begin{array}{c}\text { Long-Run } \\\text { Average Cost }\end{array} \\\hline 100 & \$ 40 \\\hline 200 & 35 \\\hline 300 & 30 \\\hline 400 & 30 \\\hline 500 & 35 \\\hline\end{array} Elegant Settings manufactures stainless steel cutlery. Table 8-8 shows the company's cost data.
-Refer to Table 8-8.What is the minimum efficient scale of production?


A) 100 units
B) 200 units
C) 300 units
D) 400 units

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