Exhibit 8A-1
-Refer to Exhibit 8A-1. A cost-minimizing firm would prefer producing at point C to producing at
A)point D because point C represents a lower cost.
B)point A because point C represents the same output at a lower cost.
C)point B because point C represents the same output at a higher cost.
D)point B because point C represents higher output at the same cost.
E)point B because point C represents higher output with a lower cost.

Question

Exhibit 8A-1 
-Refer to Exhibit 8A-1. A cost-minimizing firm would prefer producing at point C to producing at
A)point D because point C represents a lower cost. 
B)point A because point C represents the same output at a lower cost. 
C)point B because point C represents the same output at a higher cost. 
D)point B because point C represents higher output at the same cost. 
E)point B because point C represents higher output with a lower cost.

Quizplus · Accepted Answer

Point C represents the same output at a lower cost compared to point A, which is preferable for a cost-minimizing firm.

Exhibit 8A-1 -Refer to Exhibit 8A-1. a Cost-Minimizing Firm Would Prefer Producing