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able 14-12 Quantity Long-Run Total Cost(Dollars) Firm 1 Firm 2 Firm 3 Firm 4 1 180 120 150 210 2 350 250 300 340 3

able 14-12

Quantity

Long-Run Total Cost(Dollars)

Firm 1 Firm 2 Firm 3 Firm 4

1 180 120 150 210
2 350 250 300 340
3 510 390 450 490
4 660 540 600 660
5 800 700 750 850
6 930 870 900 1,060
7 1,050 1,050 1,050 1,290

Refer to Table 14-12. Firm 4's efficient scale occurs at what quantity?

a. 4
b. 3
c. 2
d. 5

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