-At what output would this firm produce most efficiently?
A)OL
B)OM
C)OP
D)None of the choices are correct.

Name: -At what output would this firm produce most efficiently? A)OL B)OM C)OP D)None of the choices are correct.
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Question

-At what output would this firm produce most efficiently?
A)OL 
B)OM 
C)OP 
D)None of the choices are correct.

Quizplus · Accepted Answer

The firm produces most efficiently at the point where the marginal cost curve intersects the average variable cost curve. This is point L on the graph.

-At What Output Would This Firm Produce Most Efficiently