[Solved] For Productive Efficiency to Hold

Question 92
Multiple Choice

For productive efficiency to hold,

A)price must equal the marginal cost of the last unit produced.
B)price must equal marginal revenue of the last unit sold.
C)average variable cost is minimized in production.
D)average total cost is minimized in production.

10+ million students use Quizplus to study and prepare for their homework, quizzes and exams through 20m+ questions in 300k quizzes.

Business

Explore our library and get Economics Homework Help with various study sets and a huge amount of quizzes and questions

3.5K

Study sets

66.5K

Quizzes

5.9M

Questions

Upload material to get free access

Upload Now Upload Now
Upload Now

Invite a friend and get free access

Upload NowInvite a friend
Invite a friend

Subscribe and get an instant access

See our plansSee our plans
See our plans