The figure above shows a firm's total product curve.
-Which of the points show efficient production points?
A) All points above the TP curve
B) All points on the TP curve
C) All the darkened points below the TP curve
D) All the points above and on the TP curve
E) All the darkened points below and on the TP curve

Question

The figure above shows a firm's total product curve.
-Which of the points show efficient production points?
A) All points above the TP curve 
B) All points on the TP curve 
C) All the darkened points below the TP curve 
D) All the points above and on the TP curve 
E) All the darkened points below and on the TP curve

Quizplus · Accepted Answer

Efficient production points are those that lie on the Total Product (TP) curve, as they represent the maximum output that can be produced with a given set of inputs.

The Figure Above Shows a Firm's Total Product Curve