-At point b in Exhibit 7-17, output is
A) higher than at points a and c, but cost is the same
B) the same as at points a and c, but cost is lower
C) the same as at points a and c, but cost is higher
D) lower than at points a and c and so is cost
E) higher than at point a

Question

-At point b in Exhibit 7-17, output is
A) higher than at points a and c, but cost is the same 
B) the same as at points a and c, but cost is lower 
C) the same as at points a and c, but cost is higher 
D) lower than at points a and c and so is cost 
E) higher than at point a

Quizplus · Accepted Answer

At point b, the output is the same as at points a and c, but the cost is lower, indicating an optimal or efficient production level.

-At Point B in Exhibit 7-17, Output Is