-If the firm were operating at optimal efficiency it would have an output of
A)0J.
B)0K.
C)0L.
D)0M.

Question

-If the firm were operating at optimal efficiency it would have an output of
A)0J. 
B)0K. 
C)0L. 
D)0M.

Quizplus · Accepted Answer

Optimal efficiency in a firm is achieved when it produces at the lowest point on its average total cost curve. This point is where the firm is most efficient, meaning it is producing at the lowest possible cost per unit. Without specific details on the cost structure or the production capabilities of the firm, it's impossible to provide a detailed explanation. However, assuming 0L represents this lowest point on the average total cost curve, it would be the correct choice for optimal efficiency output.

-If the Firm Were Operating at Optimal Efficiency It Would