Resource Allocative Efficiency Occurs When a Firm

question 65

Multiple Choice

Resource allocative efficiency occurs when a firm

• A)minimizes costs of production yet charges the highest possible price.
• B)produces the quantity of output at which price exceeds average total cost by the greatest amount.
• C)produces the quantity of output at which price equals marginal cost.
• D)produces the quantity of output at which price equals average total cost.
• E)produces the quantity of output at which price equals average variable cost.