-Refer to the above diagram for athletic shoes.The optimal output of shoes: A) is Q₁. B) is Q₂. C) is Q₃. D) is greater than Q₃.

Name: -Refer to the above diagram for athletic shoes.The optimal output of shoes: A) is Q 1 . B) is Q 2 . C) is Q 3 . D) is greater than Q 3 .
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Question

Quizplus · Accepted Answer

The optimal output is typically where marginal cost equals marginal revenue, which is often represented by Q2 in such diagrams.

-Refer to the Above Diagram for Athletic Shoes