Figure 13-10
-Refer to Figure 13-10.What is the allocatively efficient output for the firm represented in the diagram?
A) Qf units
B) Qg units
C) Qh units
D) Qj units

Name: Figure 13-10 -Refer to Figure 13-10.What is the allocatively efficient output for the firm represented in the diagram? A) Qf units B) Qg units C) Qh units D) Qj units
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Question

Figure 13-10 
-Refer to Figure 13-10.What is the allocatively efficient output for the firm represented in the diagram?
A) Qf units 
B) Qg units 
C) Qh units 
D) Qj units

Quizplus · Accepted Answer

Allocative efficiency occurs when the marginal cost of production equals the marginal benefit to consumers. In the diagram, this occurs at output Qh.

Figure 13-10 -Refer to Figure 13-10.What Is the Allocatively Efficient Output for Efficient