Refer to the information provided in Figure 12.1 below to answer the question(s) that follow. Figure 12.1
-Refer to Figure 12.1. The firm is
A) equally efficient when it produces at points A and B.
B) less efficient when it produces at point A than at point B.
C) less efficient when it produces at point B than at point A.
D) producing at least possible cost anywhere along the given ATC curve.

Question

Refer to the information provided in Figure 12.1 below to answer the question(s) that follow.  Figure 12.1
-Refer to Figure 12.1. The firm is
A) equally efficient when it produces at points A and B. 
B) less efficient when it produces at point A than at point B. 
C) less efficient when it produces at point B than at point A. 
D) producing at least possible cost anywhere along the given ATC curve.

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 12.1 below to answer the question(s) that follow.  Figure 12.1
-Refer to Figure 12.1. The firm is
A) equally efficient when it produces at points A and B. 
B) less efficient when it produces at point A than at point B. 
C) less efficient when it produces at point B than at point A. 
D) producing at least possible cost anywhere along the given ATC curve.

Refer to the Information Provided in Figure 12