In the figure above, ________ is a technologically efficient point.
A) d
B) f
C) g
D) None of the selections is correct.
Question 2
Given the total cost and total revenue curves in the above figure, what are the output levels at which the perfect competitor will earn a positive economic profit?
A) from 0 to 30,000 bushels
B) from 0 to 60,000 bushels
C) between 30,000 and 80,000 bushels
D) over 80,000 bushels