-In the above figure, what is the efficient quantity of hotdogs to produce?
A) 6,000 per day
B) 2,000 per day
C) 4,000 per day
D) The efficient quantity cannot be determined without knowing the PPF for this economy.

Question

-In the above figure, what is the efficient quantity of hotdogs to produce?
A) 6,000 per day 
B) 2,000 per day 
C) 4,000 per day 
D) The efficient quantity cannot be determined without knowing the PPF for this economy.

Quizplus · Accepted Answer

The efficient quantity of hotdogs to produce is 4,000 per day because at this quantity, the marginal cost of producing an additional hotdog is equal to the marginal benefit of consuming an additional hotdog.

-In the Above Figure, What Is the Efficient Quantity of Hotdogs