Point "A" in the Above Graph Is

question 3

Multiple Choice

Point "A" in the above graph is

• A)efficient since it produces 20 units of output at the lowest possible cost.
• B)efficient since it produces 10 units of output at the lowest possible cost.
• C)inefficient since it produces 20 units of output at a cost greater than the minimum cost.
• D)inefficient since it produces 10 units of output at a cost greater than the minimum cost.

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Definitions:

Populist Party

A political party in the United States in the late 19th century, also known as the People’s Party, that represented the interests of agrarian workers and pushed for reforms such as the direct election of senators and bimetallism.

Southern Farmers' Alliance

A late 19th-century movement aiming to improve the economic conditions for farmers in the southern United States through cooperative action.

Disenfranchise Blacks

The systematic denial of voting rights to African Americans, through laws and practices, particularly evident in the post-Civil War and segregation eras.

Poll Tax

A tax levied as a fixed sum on every liable individual, historically used in the United States to disenfranchise African American citizens and poor whites.