-From the firm's perspective, point e in Exhibit 7-17 is preferable to which other point?
A) Point a because e represents the same output at lower cost.
B) Point a because e represents higher output at the same cost.
C) Point b because e represents the same output at lower cost.
D) Point b because e represents higher output at the same cost.
E) Point b because e represents higher output at lower cost.

Question

-From the firm's perspective, point e in Exhibit 7-17 is preferable to which other point?
A) Point a because e represents the same output at lower cost. 
B) Point a because e represents higher output at the same cost. 
C) Point b because e represents the same output at lower cost. 
D) Point b because e represents higher output at the same cost. 
E) Point b because e represents higher output at lower cost.

Quizplus · Accepted Answer

The Answer of 
-From the firm's perspective, point e in Exhibit 7-17 is preferable to which other point?
A) Point a because e represents the same output at lower cost. 
B) Point a because e represents higher output at the same cost. 
C) Point b because e represents the same output at lower cost. 
D) Point b because e represents higher output at the same cost. 
E) Point b because e represents higher output at lower cost.

-From the Firm's Perspective, Point E in Exhibit 7-17 Is