-In Exhibit 7-17, the firm would prefer producing at point b to
A) points a and c only because b represents the same output at lower cost
B) points a and c only because b represents higher output at the same cost
C) points a and c only because b represents higher output at lower cost
D) point e only because b represents lower cost
E) all other points on the graph

Question

-In Exhibit 7-17, the firm would prefer producing at point b to
A) points a and c only because b represents the same output at lower cost 
B) points a and c only because b represents higher output at the same cost 
C) points a and c only because b represents higher output at lower cost 
D) point e only because b represents lower cost 
E) all other points on the graph

Quizplus · Accepted Answer

The Answer of 
-In Exhibit 7-17, the firm would prefer producing at point b to
A) points a and c only because b represents the same output at lower cost 
B) points a and c only because b represents higher output at the same cost 
C) points a and c only because b represents higher output at lower cost 
D) point e only because b represents lower cost 
E) all other points on the graph

-In Exhibit 7-17, the Firm Would Prefer Producing at Point