Refer to the accompanying figure to answer the following questions.

-Which of the following is the most efficient price and quantity combination for society?
A) A and E
B) B and F
C) C and G
D) D and H
E) D and E

Question

Refer to the accompanying figure to answer the following questions.
 
-Which of the following is the most efficient price and quantity combination for society?
A) A and E 
B) B and F 
C) C and G 
D) D and H 
E) D and E

Quizplus · Accepted Answer

The most efficient price and quantity combination for society occurs where the marginal cost of production equals the marginal benefit to consumers, often represented at the equilibrium point in supply and demand models. Choice D, which pairs D and H, typically represents this equilibrium point where supply equals demand, ensuring resources are allocated efficiently without surplus or shortage.

Refer to the Accompanying Figure to Answer the Following Questions