-If the firm were operating at optimal efficiency it would have an output of
A)OI.
B)OJ.
C)OK.
D)OL.

Question

-If the firm were operating at optimal efficiency it would have an output of
A)OI. 
B)OJ. 
C)OK. 
D)OL.

Quizplus · Accepted Answer

The optimal efficiency of a firm is typically represented by the point where it achieves the highest level of output with the least amount of input, often depicted at the peak or turning point of a production possibilities curve or at the lowest point of the average total cost curve. Without a specific graph or context, it's challenging to determine the exact meaning of OI, OJ, OK, and OL. However, assuming OK represents such a point of optimal efficiency based on standard economic models, it would be the correct choice.

-If the Firm Were Operating at Optimal Efficiency It Would