Use the following figure to answer the question :

-A firm's most efficient output is

Question

Use the following figure to answer the question :

-A firm's most efficient output is

Quizplus · Accepted Answer

The most efficient output level for a firm is the one where its average total cost (ATC) is at a minimum because it reflects the lowest cost of producing each unit of output. This point is also known as the firm's optimal level of production, where its output is maximized and costs are minimized. Therefore, option B is the correct answer.

Use the Following Figure to Answer the Question