Question 1
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow.


Refer to Figure 16.3. The efficient level of output of this product is
◦ 0.
◦ 15.
◦ 20.
◦ indeterminate from this information.
Question 2
Refer to the information provided in Figure 16.3 below to answer the question(s) that follow.


Refer to Figure 16.3. If this firm is maximizing profits and is
not required to take into account damages, it will produce
◦ 0 units of output.
◦ 6 units of output.
◦ 15 units of output.
◦ 20 units of output.