Author Question: Based on the above table, which of the following is the efficient quantity of output? A) 31 B) ... (Read 65 times)

Mr.Thesaxman · **on:** Jun 29, 2018

Based on the above table, which of the following is the efficient quantity of output?

A) 31
B) 16
C) 32
D) None of the above answers is correct.

Question 2

The accountant for Muzhi's Sushi claims that Muzhi has accomplished economic efficiency. This means that Muzhi's Sushi

A) produces a given output using the least inputs.
B) produces a given output at the lowest cost.
C) has an economic profit greater than a normal profit.
D) has a normal profit greater than an economic profit.