Figure 5-3
-Refer to Figure 5-3.The efficient output level is
A)Qm.
B)Qn.
C)Qo.
D)Qo - Qm.

Name: Figure 5-3 -Refer to Figure 5-3.The efficient output level is A)Qm. B)Qn. C)Qo. D)Qo - Qm.
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Question

Figure 5-3 
-Refer to Figure 5-3.The efficient output level is
A)Qm. 
B)Qn. 
C)Qo. 
D)Qo - Qm.

Quizplus · Accepted Answer

The efficient output level is where the marginal cost (MC) curve intersects with the marginal revenue (MR) curve. In this diagram, that intersection occurs at Qn, making it the most efficient output level.

Figure 5-3 -Refer to Figure 5-3.The Efficient Output Level Is