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Table 68 Elegant Settings Manufactures Stainless Steel Cutlery

Question 234

Multiple Choice

Table 6.8
 Quantity (sets)   Long Run  Average Cost  (dollars)  1004020035300304003050035\begin{array} { | c | c | } \hline \text { Quantity (sets) } & \begin{array} { c } \text { Long Run } \\\text { Average Cost } \\\text { (dollars) }\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 6.8 shows the company's cost data.
-Refer to Table 6.8.The minimum efficient scale of production is _________.


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

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