Use the Figure to Answer the Following Question(s)

question 189

Multiple Choice

Use the figure to answer the following question(s) .
Figure 8-8
-In Figure 8-8, which output minimizes per-unit cost?

• A) 4
• B) 6
• C) 7
• D) 8

---

Definitions:

Import Demand Curve

A graphical representation showing the relationship between the price of an imported good and the quantity of the good that a country is willing to buy at those prices.

Domestic Price

The price of goods and services within a specific country, determined by local supply and demand conditions.

Export Supply Curve

A graphical representation showing how the quantity of goods a country exports changes in response to changes in the price of those goods.

Domestic Opportunity Cost

The cost of forgoing the best alternative use of resources within a country.