-Based on the above table, which of the following is the efficient quantity of output?
A) 16
B) 32
C) 31
D) None of the above answers is correct.

Name: -Based on the above table, which of the following is the efficient quantity of output? A) 16 B) 32 C) 31 D) None of the above answers is correct.
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Question

-Based on the above table, which of the following is the efficient quantity of output?
A) 16 
B) 32 
C) 31 
D) None of the above answers is correct.

Quizplus · Accepted Answer

The efficient quantity of output is 16 because at this output level, the marginal cost (MC) is equal to the marginal revenue (MR).

-Based on the Above Table, Which of the Following Is