Figure 2-3

-Refer to Figure 2-3.Efficient production is represented by which point(s)?

Name: Figure 2-3 -Refer to Figure 2-3.Efficient production is represented by which point(s)?
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Question

Figure 2-3
 
-Refer to Figure 2-3.Efficient production is represented by which point(s)?

Quizplus · Accepted Answer

According to the graph, the highest output is achieved at point N, and the lowest cost is achieved at point K. Therefore, the most efficient production is represented by points K and N.

Figure 2-3 -Refer to Figure 2-3.Efficient Production Is Represented by Which Point(s)