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Author Question: Based on the above table, which of the following is the efficient quantity of output? A) 31 B) ... (Read 108 times)

Mr.Thesaxman

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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.



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Mochi

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Answer to Question 1

B

Answer to Question 2

B




Mr.Thesaxman

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Reply 2 on: Jun 29, 2018
:D TYSM


mcabuhat

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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