Refer to the diagram. If a firm produces output Q ₁ at a unit cost of b, then the
A)firm is not fulfilling the least-cost rule in employing resources.
B)firm may or may not be maximizing profits.
C)marginal product per dollars' worth of each resource employed is not the same.
D)firm has achieved minimum efficient scale.

Question

Refer to the diagram. If a firm produces output Q ₁ at a unit cost of b, then the
A)firm is not fulfilling the least-cost rule in employing resources. 
B)firm may or may not be maximizing profits. 
C)marginal product per dollars' worth of each resource employed is not the same. 
D)firm has achieved minimum efficient scale.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. If a firm produces output Q ₁ at a unit cost of b, then the
A)firm is not fulfilling the least-cost rule in employing resources. 
B)firm may or may not be maximizing profits. 
C)marginal product per dollars' worth of each resource employed is not the same. 
D)firm has achieved minimum efficient scale.

Refer to the Diagram