Point A in the figure below is:
A) efficient since it produces 20 units of output at the lowest possible cost.
B) efficient since it produces 10 units of output at the lowest possible cost.
C) inefficient since it produces 20 units of output at a cost greater than the minimum cost.
D) inefficient since it produces 10 units of output at a cost greater than the minimum cost.

Question

Point A in the figure below is: 
A) efficient since it produces 20 units of output at the lowest possible cost. 
B) efficient since it produces 10 units of output at the lowest possible cost. 
C) inefficient since it produces 20 units of output at a cost greater than the minimum cost. 
D) inefficient since it produces 10 units of output at a cost greater than the minimum cost.

Quizplus · Accepted Answer

The Answer of Point A in the figure below is: 
A) efficient since it produces 20 units of output at the lowest possible cost. 
B) efficient since it produces 10 units of output at the lowest possible cost. 
C) inefficient since it produces 20 units of output at a cost greater than the minimum cost. 
D) inefficient since it produces 10 units of output at a cost greater than the minimum cost.

Point a in the Figure Below Is