Multiple Choice
If Option A costs $40 and yields 20 units of output,and Option B costs $50 and yields 20 units of output,
A) Option B and Option A are equally economically efficient.
B) Option B is economically efficient relative to Option A.
C) Option A is economically efficient relative to Option B.
D) It is not possible to determine which option is more economically efficient.
Correct Answer:

Verified
Correct Answer:
Verified
Q60: Your company makes copper pipes.Over the years,you
Q61: The marginal cost curve intersects the average
Q62: Suppose MP<sub>L</sub> = 0.5 ∗ (q/L)and MP<sub>K</sub>
Q63: The tangency points between the long-run average
Q64: Joey's Lawncutting Service rents office space from
Q66: A firm is currently producing 1140 units
Q67: Suppose the total cost of producing T-shirts
Q68: A firm produces output according to the
Q69: The cost of waiting two months for
Q70: The "Law of Diminishing Marginal Returns" could