Use the figure to answer the following question(s).
Figure 11-7
-The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?
A) price, $7; quantity produced, 100
B) price, $10; quantity produced, 170
C) price, $14; quantity produced, 100
D) price, $7; quantity produced, 200

Question

Use the figure to answer the following question(s).
Figure 11-7 
-The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?
A) price, $7; quantity produced, 100 
B) price, $10; quantity produced, 170 
C) price, $14; quantity produced, 100 
D) price, $7; quantity produced, 200

Quizplus · Accepted Answer

The Answer of Use the figure to answer the following question(s).
Figure 11-7 
-The demand and cost conditions in an industry are as depicted in Figure 11-7. In the viewpoint of economic efficiency, what would the ideal price and output be?
A) price, $7; quantity produced, 100 
B) price, $10; quantity produced, 170 
C) price, $14; quantity produced, 100 
D) price, $7; quantity produced, 200

Use the Figure to Answer the Following Question(s)