Accessible description: The figure indicates on the y-axis a…
Accessible description: The figure indicates on the y-axis average costs in dollars per pound of coffee and on the x-axis the output in thousands of pounds of coffee per month. Depicted are four average total cost curves, which are u-shaped. ATC1 decreases through points (5, 2) and then increases. ATC2 decreases through points (10,1) and then increases through point (13, 1.5). ATC3 decreases through points (13, 1.5) and then increases through point (19, 1.8). ATC4 decreases through points (19,1.8) and then increases. f1q14g1.jpg In the above figure, the minimum efficient scale of output is
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