Exhibit 11-16 LRATC Cost per Unit X Z Quantity of Output 19. Refer to Exhibit 11-16. Point A refers to: a) break-even point. b) efficient equilibrium. c) minimum efficient scale. d) zero economic profit.

Exhibit 11-16 unfattu ton ezs aloo ba LRATC Cost per Unit X Y Z beQuantity of Output 19. Refer to Exhibit 11-16. Point A refers to: a) break-even point. b) efficient equilibrium. c) minimum efficient scale. d) zero economic profit.Class. Name Production Costs and Land Labor & Capital 20. Refer to Exhibit 11-16. The region 'x' refers to: a) diseconomies of scale. b) constant returns to scale. c) minimum efficient scale. d) economies of scale. 21. Refer to Exhibit 11-16. The region 'z,' where the long-run ATC rises at the higher levels of output, refers to: a) diseconomies of scale. b) constant returns to scale. c) minimum efficient scale. d) economies of scale. 22. Refer to Exhibit 11-16. The region 'y' refers to: a) diseconomies of scale. b) constant returns to scale. c) minimum efficient scale. d) economies of scale