The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1

-Refer to Figure 8-1.The efficient level of output in the market is _____.
A)0R - 0P
B)0R
C)0Q
D)0P
E)0T

Question

The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.The efficient level of output in the market is _____.
A)0R - 0P 
B)0R 
C)0Q 
D)0P 
E)0T

Quizplus · Accepted Answer

The Answer of The following figure shows the demand curve [ES],the average cost curve [AC],the marginal cost curve [MC],and the marginal revenue curve [MR] for a firm.
Figure 8-1
 
-Refer to Figure 8-1.The efficient level of output in the market is _____.
A)0R - 0P 
B)0R 
C)0Q 
D)0P 
E)0T

The Following Figure Shows the Demand Curve [ES],the Average Cost