In the late nineteenth century, technological improvements and ...

[WhattoUnderstand]

In the late nineteenth century, technological improvements and cheaper transportation in the United States led to
 a. a decrease in minimum efficient scale in many industries
  b. an increase in minimum efficient scale in many industries
  c. an overall reduction in productive efficiency
  d. a narrowing of markets
  e. price increases in many industries

Question 2

The significance of the minimum point on the average variable cost curve is that
 a. it is the profit-maximizing level
  b. it is the selling price
  c. it is the point of indifference between producing at a loss or shutting down
  d. if the firm produces one more unit, its AVC will be less than MC
  e. it shows the amount of total cost

[emily12345]

Answer to Question 1

B

Answer to Question 2

C