Use the table below to answer the following questions.
Table 16.2.2
Chemical Fertilizer Market

-Refer to Table 16.2.2. The efficient output of fertilizer is
A)1 tonne.
B)2 tonnes.
C)3 tonnes.
D)4 tonnes.
E)5 tonnes.

Question

Use the table below to answer the following questions.
Table 16.2.2
Chemical Fertilizer Market
 
-Refer to Table 16.2.2. The efficient output of fertilizer is
A)1 tonne. 
B)2 tonnes. 
C)3 tonnes. 
D)4 tonnes. 
E)5 tonnes.

Quizplus · Accepted Answer

The efficient output of fertilizer is where marginal cost equals marginal revenue, which occurs at a quantity of 3 tonnes.

Use the Table Below to Answer the Following Questions