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

Multiple Choice

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.