The loci of efficient points for products are
A) cost curves
B) demand curves
C) marginal product curves

Question

Quizplus · Accepted Answer

The loci of efficient points for products are represented by the cost curves. This is because the cost curves show the relationship between the quantity of output produced and the cost of producing that output, and the efficient points are those where the cost of producing the product is minimized while maintaining a certain level of output.

The Loci of Efficient Points for Products Are