🤑ap microeconomics review

Efficient scale

Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 examWritten by the Fiveable Content Team • Last updated August 2025

Definition

The level of output at which long-run average total costs are minimized, corresponding to constant returns to scale.

AP course connection

Topic 3.3: 3.3 Long-Run Production Costs

Unit 3

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